{"id":200660,"date":"2020-10-25T08:00:32","date_gmt":"2020-10-25T01:00:32","guid":{"rendered":"https:\/\/setkab.go.id\/?p=200660"},"modified":"2020-10-26T11:41:40","modified_gmt":"2020-10-26T04:41:40","slug":"indonesias-economy-will-rebound-president-jokowi-says","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/indonesias-economy-will-rebound-president-jokowi-says\/","title":{"rendered":"Indonesia\u2019s Economy will Rebound, President Jokowi Says"},"content":{"rendered":"<div id=\"attachment_200661\" style=\"width: 952px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-200661\" class=\"size-full wp-image-200661\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/10\/25okt.jpeg\" alt=\"\" width=\"942\" height=\"1280\" \/><p id=\"caption-attachment-200661\" class=\"wp-caption-text\">President Jokowi. (Photo by: BPMI- Presidential Secretariat)<\/p><\/div>\n<p>President Joko \u201cJokowi\u201d Widodo believes Indonesia\u2019s economy will be able to rebound amidst the ongoing global economic crisis as the impact of COVIC-19 pandemic.<\/p>\n<p>COVID-19 has brought massive impact and domino effect to the health, social, and economic sectors. The pandemic has resulted in the economic contraction in many countries, including Indonesia.<\/p>\n<p>\u201cMany countries experienced an economic contraction, or even recession. No country is immune to the pandemic, including our own country,\u201d President Joko \u201cJokowi\u201d Widodo said in his remarks at the virtual commemoration event of the 56<sup>th<\/sup> Anniversary of Golkar Party, Saturday (24\/10).<\/p>\n<p>Before the pandemic, Indonesia\u2019s economic growth was at 5 percent. However, the growth dropped to 2.97 percent in the first quarter and -5.32 percent in the second quarter of 2020.<\/p>\n<p>\u201cComparing to other countries, Indonesia\u2019s economic contraction fared better and I believe we can recover it immediately,\u201d the President said.<\/p>\n<p>He expressed that belief because several strategic indicators have improved during the second quarter of 2020.<\/p>\n<p>\u201cPrices of foods including rice are able to be maintained. Flight occupancy rate in August 2020 also increased by 36 percent compared to the previous month,\u201d he explained.<\/p>\n<p>The President added that Indonesia\u2019s trade balance in September recorded a surplus of US$2.44 billion. Indonesia\u2019s Purchasing Managers\u2019 Index (PMI) also represented an expansion and an increase of consumption.<\/p>\n<p>\u201cIt means that there will be more opportunity available to develop business, economic growth will continue to increase, and more jobs will be generated,\u201d he stated. <strong>(UN)<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Translated by: Rany Anjany <\/strong><br \/>\n<strong>Reviewed by: Lulu Wuliarti<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joko \u201cJokowi\u201d Widodo believes Indonesia\u2019s economy will be able to rebound amidst the ongoing global economic crisis as the impact of COVIC-19 pandemic. COVID-19 has brought massive impact and domino effect to the health, social, and economic sectors. The pandemic has resulted in the economic contraction in many countries, including Indonesia. \u201cMany countries experienced [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":200661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-200660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indonesia\u2019s Economy will Rebound, President Jokowi Says - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/indonesias-economy-will-rebound-president-jokowi-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesia\u2019s Economy will Rebound, President Jokowi Says - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"President Joko \u201cJokowi\u201d Widodo believes Indonesia\u2019s economy will be able to rebound amidst the ongoing global economic crisis as the impact of COVIC-19 pandemic. 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