Notes for Recovering the Economy

KOMPAS/RADITYA HELABUMI

Distribution of social assistance package stage 4 from the Provincial Government of DKI Jakarta to residents affected by Covid-19 at RW 06, Cipulir Sub-District, Kebayoran Lama, South Jakarta, Tuesday (30/6/2020).

Several countries in the Asia-Pacific, such as Malaysia, Thailand, the Philippines, and Australia, have readied plans for recovering their economies from the impacts of Covid-19. The countries of the European Union are doing likewise. The EU is preparing grand plans to restore the economies of its member countries.

The threat of a recession or a wave of economic depression that almost all countries in the world are facing is beginning to appear in plain sight. It therefore makes sense to prepare risk mitigation or recovery efforts from this point forth, without waiting for the end of the pandemic. If all countries have economic recovery plans ready, the impacts of a global recession or depression can be minimized immediately and a way out can be found.