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Economic Stimulus to Prevent Recession
The negative impacts of the Covid-19 pandemic have devastated the world economy.
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Business activities at Pasar Baru, Central Jakarta, Friday (28/8/2020). In the second quarter of 2020, household consumption was minus 5.51 percent, far below the average growth rate of 5 percent before the Covid-19 pandemic.
The negative impacts of the Covid-19 pandemic have devastated the world economy.
The tight restrictions (lockdowns) a number of countries have implemented to prevent Covid-19 transmission have worsened the condition of the global economy. No supply chain is functioning fully or normally and the economy has a very weak pulse in both production/supply as well as demand.