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View all search resultsUS Treasury Secretary Steven Mnuchin insisted Sunday the US economy will come roaring back even amid warnings from another White House adviser of longer-term impacts of the coronavirus pandemic's unprecedented shock to the economy.
In McKinsey’s early April survey of nearly 700 respondents in Indonesia, 49 percent said they believe the Indonesian economy will rebound within 2 to 3 months and grow at a similar or even faster clip than before COVID-19. This consumer confidence stands in sharp contrast to how people feel in more developed economies.
Enacting the omnibus laws will be key to maintaining the reform momentum and will determine whether foreign investment in particular will be reinvigorated. Without a significant increase in such investment, the country will never be able to fully harness its economic potential.
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