President Jokowi Calls for Caution on COVID-19 Impacts in 2021
Date 14 April 2020
President Joko “Jokowi” Widodo has reminded his Cabinet to remain vigilant against the continued impact that the COVID-19 pandemic brings on the country’s economy in 2021.
“Do carefully calculate the potentials, opportunities, and various risks that may persist both in domestic market and the global market,” the President said on Tuesday (14/4).
However, apart from COVID-19, the President also reminded all ministries to remain focus on the Government’s mission, namely structural reforms, that must continue to go on.
“Reforms to accelerating development and to create equitable development, both in the forms of regulatory reform, bureaucratic reform, reforms in increasing productivity, and also economic transformation. That is our big mission,” the President added.
In terms of the development target and economic growth in 2020, according to the President, the figure will be corrected sharply. “It does not only happen Indonesia. other countries are also going through a similar condition,” he said.
Various international institutions, the President added, be it the International Monetary Fund (IMF), the World Bank, and others have predicted that the global economy in 2020 would enter a period of recession.
“From the last calculations, the global economic growth might be 2.8% lower or reach -6%,” he said, while ordering his Cabinet to prepare brace for the possible condition in various scenarios.
“We must keep on trying and working hard to recover both in health and economic sector,” he said. (TGH / EN)
Translated by: Estu Widyamurti
Reviewed by: M. Ersan Pamungkas