Penulis: Pusat Kebijakan Ekonomi Makro
The coronavirus (COVID-19) pandemic and measures to contain it have plunged the world economy into a severe contraction. The International Monetary Fund projects that the global economy will shrink by 4.4 per cent in 2020 – the deepest recession since the Second World War1. The crisis is having a significant impact on Indonesia’s economic growth and efforts to reduce poverty. The country’s gross domestic product is set to contract by 1.1 per cent in 2020 – a painful reversal of the 5.3 per cent growth projected before the pandemic – causing widespread loss of jobs and income2. To avert this worst-case scenario, the Government of Indonesia implemented an emergency fiscal stimulus package and temporarily expanded its social assistance programmes to support low-income families during the crisis.
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Pandangan dan pendapat yang dikemukakan dalam artikel ini adalah dari penulis dan tidak mencerminkan kebijakan resmi dari Badan Kebijakan Fiskal, Kementerian Keuangan, Republik Indonesia.
The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy from Fiscal Policy Agency, Ministry of Finance, Republic of Indonesia.