Overcoming the Threat of Economic Recession
The Covid-19 pandemic has rapidly dragged the world economy into recession. The surge in unemployment and poverty haunt the world, including Indonesia.
A pedestrian wears a protective facemask as he walks past a newly hung banner that reads "Coronavirus Global Response" in front of The European Union (EU) Commission building in Brussels, on May 6, 2020. - The EU forecast on May 5, 2020, that the eurozone economy would contract by a staggering 7.7 percent in 2020, warning the wreckage from the coronavirus outbreak could endanger the single currency.
The Covid-19 pandemic has rapidly dragged the world economy into recession. The surge in unemployment and poverty haunt the world, including Indonesia.
Signs of economic recession in Indonesia have become more apparent. The recession will be worse if the Covid-19 pandemic in the country lasts a long time. As a consequence, it will be more difficult to carry out economic recovery programs.