Sri Mulyani Indrawati, Finance Minister: This is an Extraordinary Dilemma
As the Covid-19 pandemic continues to restrict major public activities, the government predicts the national economic growth to take a nose dive to minus 4.3 percent in the second quarter. “For the most part, the drop is attributed to a sharp decline in consumer spending,” said Finance Minister Sri Mulyani Indrawati, 57, during a special interview with Tempo on July 17.
Tempo
July 20, 2020
WITH investment also on a downward spiral, Sri Mulyani said that the economy would remain under pressure in the coming months, particularly in Jakarta and East Java. The two provinces which contribute more than 30 percent of the gross domestic product (GDP) are still scrambling to contain the virus spread. Hence, the government’s focus on the spending budget to revive consumer demand.
From the time the country was first hit by the pandemi
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