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Indonesia: Support for Public Health and Affected Households for a Secure Recovery


Modern Diplomacy
Published 3 months ago
Indonesia will finish 2020 experiencing its first recession in two decades, but signs of recovery are increasing, driven by a pick-up in consumption and a significant increase in public spending, according to the World Bank’s latest Indonesia Economic Prospects report,
The economy is expected to contract by 2.2 percent this year, revised downward from a projected contraction of 1.6 percent in September, due to persistent mobility restrictions and social distancing amid rising COVID-19 cases. However, growth is expected to rebound in 2021, with the economy expanding by 4.4 percent if mobility restrictions are gradually eased and the wide availability of an effective and safe vaccine helps improve consumer and business confidence. ....

East Timor , Satu Kahkonen , World Bank Country , World Bank , Indonesia Economic Prospects , World Bank Country Director , கிழக்கு டைமர் , உலகம் வங்கி நாடு , உலகம் வங்கி , இந்தோனேசியா பொருளாதார ப்ராஸ்பெக்ட்ஸ் , உலகம் வங்கி நாடு இயக்குனர் ,

Indonesia: Support for Public Health and Affected Households and Firms Critical for a Secure and Fast Recovery

World Bank revises down Indonesia's GDP forecast - Fri, December 18 2020


The World Bank has stressed the importance of public health measures to fight the COVID-19 pandemic and government support for households and businesses as it slashes Indonesia’s economic projection for this year.
The multilateral lender based in Washington, DC, said in its latest Indonesia Economic Prospects report published on Thursday that the country’s improved testing and contact tracing capacity were essential in efforts to reopen the economy. The government also needs to maintain its social assistance and liquidity support, according to the report, because without the aid, 8.5 million people may fall into poverty this year.
“There are reasons to be hopeful for the future, but the road to full recovery is likely to be long and challenging,” World Bank country director Satu Kahkonen said in a virtual press conference on Thursday. ....

World Bank , District Of Columbia , United States , Satu Kahkonen , Indonesia Economic Prospects , உலகம் வங்கி , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , இந்தோனேசியா பொருளாதார ப்ராஸ்பெக்ட்ஸ் ,