V-Shaped Recession Curve amid Pandemic

The World Bank has predicted that the Indonesian economy will suffer negative growth for the first time since 1998 this year at a range of between minus 2 percent and minus 1.6 percent. This implies that growth in the third and fourth quarters will be negative, although it will not be as deep as the second quarter.The recovery curve will be an asymmetrical modification of the V-shaped curve with a sloping right tail. This reflects that the Covid-19 pandemic has caused different consumption patterns, between the lower middle and upper middle groups of society.

Recovery curves in several countries