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View all search resultsWith inflation pressure appearing to relent somewhat across the world, some economists are more optimistic about 2023 being a year of global recovery, with Indonesia’s strong fiscal position giving the country an edge.
“We should have controlled the virus spread first before the economy could grow. If the virus cases declined, the economy would automatically pick up," University of Indonesia senior economist Faisal Basri told lawmakers.
Economists are calling for a well-prepared lockdown and an emergency status declaration to further save the country from widespread COVID-19 coronavirus infections and soften hard-hitting effects on the economy.
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