Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

Indonesia's Economic Recovery Relies on Covid-19 Handling: Finance Minister

English indonesian economy (en)
Antara • 28 Juli 2020 15:36
Jakarta: Finance Minister Sri Mulyani Indrawati accentuated that the nation’s economic recovery was increasingly dependent on the handling of the covid-19 pandemic and economic activities in the second semester.
 
"Our own recovery relies on the handling of the covid-19 pandemic and economic activities in the second semester," she remarked during a virtual press conference here on Monday.
 
The minister opined that if covid-19 handling measures were effective and went hand-in-hand with the opening of economic activities, the economy would recover in the third quarter, with a positive growth of 0.4 percent, and it would accelerate to three percent in the fourth quarter.

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"If that occurs, our economy, as a whole, will remain in the positive zone for the entire year," she affirmed.
 
According to the minister, President Joko Widodo (Jokowi) had reminded the ranks of ministers and regional government (pemda) to not lose sight of the main agendas in driving economic recovery.
 
"Thus, in the third quarter, the economy would continue to move in the positive zone at 0-0.4 percent and touch two to three percent in the fourth quarter. Hence, our economy as a whole can continue to grow positively in 2020," she noted.
 
Hence, the minister said the draft of the 2021 State Budget (APBN) also hinted at the speed of handling covid-19 influencing the pace of economic recovery. (antara)
 

(WAH)

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