The World Economy and Us

Giving a too gloomy narrative will cause entrepreneurs to delay or stop investing and instead save their money in US dollars or gold, and this will further weaken the rupiah and the economy.

The fears that the world will fall into crisis this year and next can certainly be justified because Covid-19 and the Russia-Ukraine war have caused a big problem in Europe and the United States.

Covid-19 has become endemic in Europe and the US. People no longer wear masks in nearly all European countries and in the US. As for Indonesia, there are almost no more Covid-19 patients in hospitals like there were in 2020 and 2021.