TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Prolonged pandemic could derail RI economy

  • Yunindita Prasidya

    Jakarta

Jakarta   /   Thu, September 17 2020   /  01:00 am
Old normal: Residents shop on the Tanah Abang skybridge in Central Jakarta on Sunday, a day before the Jakarta administration reimposed full large-scale social restrictions (PSBB) for two weeks in response to soaring COVID-19 infection rates.(JP/Seto Wardhana)

A prolonged pandemic could potentially harm Indonesia’s economic recovery as the continued rise in COVID-19 cases in the country adds uncertainty, resulting in a weak economic indicator outlook, economists have said.  In a recently published report, titled Asian Development Outlook 2020 Update, the Asian Development Bank (ADB) stated that continued disruption from the coronavirus “will have severe implications for growth” for Indonesia, with domestic demand and export prospects dampened as a consequence. “The main risk for the outlook of Indonesia, and also the [Asian] region, stems from the possibility of a prolonged COVID-19 pandemic, which could potentially derail the recovery process,” ADB’s country economist for Indonesia Emma Allen said during a webinar held by the development bank on Tuesday.  As of Tuesday, Indonesia had reco...