When the world economy faces uncertainty, domestic consumption is the mainstay. The Indonesian economy can still be exploring at a speed of about 5 percent in facing this uncertainty.

We must not let our guard down or feel complacent. The government, together with the monetary authorities, need to prepare a contingency plan if the threat of global uncertainty hits Indonesia.

The government must give priority to “what must be done” and not to “what it wants to do.” The situation may put us in a quandary, but we must not go wrong in policymaking.

If we look further, the biggest contributor to the increase in the number of investors is the younger generation, namely investors aged below 30 years (Generation Z) and 31-40 years old (millennials/Generation Y).

God provided these to the Indonesian people, but the authorities handed it over to foreign corporations and private individuals. Now will be the starting point to correct the mistakes that have been made from 1967.

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.

The Covid-19 pandemic has caused a contraction in the economies of almost all countries in the world. According to data from BPS, the Indonesian economy shrank 5.32 percent year-on-year in the second quarter of 2020.

In his inaugural address on Oct. 1, 2019, the executive director of the International Monetary Fund (IMF), Kristalina Georgieva, said straightforwardly that the global economy was experiencing a synchronized slowdown.