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Jakarta Post

Emerging Asia: Securing solid fundamentals for post-COVID future

  • Matthew Lobner

    Jakarta

Jakarta   /   Wed, August 5 2020   /  07:52 am
The banking industry had long enjoyed popularity among students, attracting quality job-hunters. However, the current trend is expected to have a certain influence on the job market.(Shutterstock/File)

Asia’s emerging economies are at different stages in combatting the COVID-19 pandemic. For some countries, the light at the end of the tunnel is getting brighter as social distancing measures are being eased and economic activity is starting to ramp up again. Others are still grappling with outbreaks and lockdowns. Whatever stage they are at, though, these markets must also continue to think beyond the crisis, and about what can be done to safeguard and improve their long-term economic prospects. Developing nations across Asia – Indonesia included – have of course not been immune to the social and economic disruption caused by COVID-19. Travel restrictions and distancing measures have hit trade and jobs around the globe. Budget deficits have widened and overall levels of debt will continue to increase across much of the region. Any recovery in tourism and business...