A Back Alley to Avoid Economy Contraction

Even the government got it wrong. At the end of Q1-2020, the economy only grew by 2.97 percent year-on-year, much lower than government’s estimate at 4.6 percent. It is really shocking since the Covid-19 pandemic just affected Indonesia in the last month of the first quarter. Yet, its impact was already so severe.

This is clearly a terrible signal. The negative effects of Covid-19 on the economy throughout Q2 of 2020 will certainly run dee

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