{
    "success": true,
    "data": {
        "id": 1668638,
        "msgid": "comparing-the-1998-monetary-crisis-the-2020-pandemic-and-the-economy-today-1775793053",
        "date": "2026-04-10 09:55:21",
        "title": "Comparing the 1998 Monetary Crisis, the 2020 Pandemic, and the Economy Today!",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "The global economy faces uncertainty due to ongoing geopolitical tensions in the Middle East, particularly the US-Israel conflict with Iran, which is keeping oil prices high and raising fears of a potential economic crisis. This article compares Indonesia's key macroeconomic indicators today with those during the 1998 monetary crisis and the 2020 COVID-19 pandemic to assess resilience. Such comparisons highlight the relative stability of the current situation despite external pressures, offering insights for policymakers and investors.",
        "content": "<p>The current global situation remains overshadowed by uncertainty,\nparticularly due to geopolitical tensions in the Middle East that show\nno signs of abating. The conflict between the United States (US) and\nIsrael against Iran is keeping energy prices, especially global oil\nprices, at high levels and emerging as a new source of concern for the\nglobal economy. Many parties believe that if this condition persists for\ntoo long, the risk of an economic crisis is not impossible. Therefore,\nit is interesting to examine how Indonesia\u2019s macroeconomic indicators\nstand today compared to the crisis periods it has experienced, from the\n1998 crisis to the shocks during the COVID-19 pandemic in 2020. Notes: -\nFor the year 1998 specifically, records were still using the April-March\nfiscal year, so the 1998\/1999 state budget refers to the period from 1\nApril 1998 to 31 March 1999, not January-December. Thus, some 1998\nfigures need to be read in the context of the fiscal year, not the pure\ncalendar year. - For the 1998 interest rates, the indicator used was\nalso different from today. During that period, the reference was the\n1-month Bank Indonesia Certificate (SBI). - The Q1-2026 economic growth\nfigure in this table is the government\u2019s assumption\/projection of 5.5%,\nas stated by the Ministry of Finance. - The crude oil lifting in Q1-2026\nin this table is the 2026 state budget macro assumption, namely a target\nof 610 thousand barrels per day. - Data on bank credit growth, banking\ncapital adequacy (CAR), and non-performing loans (NPL) for Q1-2026 use\nthe latest data as of February 2026. CNBC INDONESIA RESEARCH<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/comparing-the-1998-monetary-crisis-the-2020-pandemic-and-the-economy-today-1775793053",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}