Questionable Optimism

ONE of the responsibilities of the government is to keep hope alive in the middle of the economic damage caused by the Covid-19 pandemic. However, projecting that the Indonesian economy, or gross domestic product (GDP), will grow at 4.5 to 5.5 percent in 2021 feels like pie in the sky. In the second quarter of this year, the economy contracted by 5.32 percent, the worst figure since 1998 when Indonesia and Asia were struck by the monetary crisis.

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