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Jakarta Post

Prolonged pandemic could derail RI economy

  • Yunindita Prasidya


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...