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Hope amid the Drought

Monday, December 9, 2019

No economist can precisely predict the economic cycle, but armed with data, awareness of trends and geopolitics, it is at least possible to estimate how the global economy will fare. Unfortunately, predictions for 2020 seem bleak. The threat of recession causes worldwide suspense. A slow economy will hit all countries hard, including Indonesia. But during these difficult times, seven sectors provide hope for the country’s economy.

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In an address at the Bank Indonesia (BI) Annual Meeting on Thursday, November 28, President Joko Widodo used the word “survive” as many as nine times. During his 28-minute speech, Jokowi generously mentioned the words “difficult,” “pressure,” “thankful,” and “still optimistic.” He asked participants of the forum to be thankful of this year’s economic growth of over five per

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