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View all search resultsPSBB right thing to do, Jokowi says
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T
he economy could have contracted further if the country had gone into full quarantine to contain the COVID-19 outbreak, President Joko "Jokowi" Widodo has said.
He added that the government had made the right decision in implementing only a partial lockdown.
"I can't imagine if we had imposed a full lockdown, maybe [economic growth] could have reached minus 17 [percent]," Jokowi said during a meeting with governors at the Bogor Palace in West Java on Wednesday.
A recording of his speech was uploaded onto the Presidential Secretariat's official YouTube channel on Thursday.
He pointed to an International Monetary Fund projection that said the global economy would shrink 2.5 percent and the World Bank's prediction of a 5 percent contraction.
The Organization for Economic Cooperation and Development (OECD) estimated the global economy to fall 6 to 7.6 percent this year.
Jokowi compared the country's economic condition to that of other countries, such as the United States and France, whose economies contracted 9.7 and 17.2 percent, respectively.
