Beware of the Second Wave of Recession
The economy began to show an improvement in the third quarter of 2020, but there is no guarantee that the economic recovery will continue as the Covid-19 pandemic has caused massive layoffs.
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Enny Sri Hartati
The economy began to show an improvement in the third quarter of 2020, but there is no guarantee that the economic recovery will continue as the Covid-19 pandemic has caused massive layoffs.
According to data from the Manpower Ministry, about 3.1 million people in the formal sector have been laid off, partly because the manufacturing sector, which is the basis of employment , declined by 1.3 percent. Almost all sectors have reduced their workers, except the agricultural sector, which still grew by 2.23 percent and the trade sector that rose by 0.46 percent.