Jokowi's Strategy to Escape from Recession

Summary

Economic conditions have come to President Joko Widodo's attention to the onslaught of the COVID-19 pandemic. Indonesia's economy may contract by 3.5 to 5.1 percent in the second quarter this year following weak consumption and investment growth in the period, bringing the economy on the brink of recession.

The government has prepared two new stimulus measures to save the economy from recession. They are the expansion of social assistance and working capital loans for micro, small, and medium enterprises (MSMEs). With these stimuli, public consumption may increase, and the economy may escape from the recession.

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