Indonesia Highlights: Indonesia’s Top Diplomat Urges End to the Nationalization of Covid-19 Vaccines | World Bank: The Indonesian Economy Will Take Years to Get Back to Pre-Covid-19 Levels | Man in E

January 31, 2021, 07.44 AM

Source:

https://nasional.kompas.com/read/2021/01/30/06334021/menlu-retno-hentikan-politisasi-dan-nasionalisme-vaksin-covid-19

World Bank: The Indonesian Economy Will Take Years to Get Back to Pre-Covid-19 Levels

World Bank Managing Director for Development Policy and Partnerships Mari Elka Pangestu has estimated that the Indonesian economy will need a number of years to recover from the effects of the Covid-19 pandemic.

“The Indonesian economy will need three to five years to get back to pre-Covid-19 levels if it contracted annually by two percent. The contraction will also economic growth to slow by at least one percent to four percent annually,” she said on Saturday, January 29.

“The [Covid-19] vaccine is key in hastening the Indonesian economy’s recovery. If we can increase the rate of the Indonesian population that was inoculated [against Covid-19] from 55 percent in 2021 to 70 percent in 2022, then we can jumpstart the economy.”

The former Indonesian Trade Minister warned that “if less than ten percent of the population was vaccinated, then the economy can go into contractions again.

In October 2020, the International Monetary Fund has warned that the Indonesian economy might shrink by 1.5 percent due to the effects of the Covid-19 pandemic.

Source:

https://money.kompas.com/read/2021/01/30/151600226/bank-dunia-kalau-masih-kontraksi-butuh-waktu-3-5-tahun-agar-ekonomi-ri-kembali

A waterspout occurred near the Gajah Mungkur dam in Wonogiri regency in Indonesias Central Java on Wednesday, January 20 causing scenes of destruction on residents property.KOMPAS.COM/ A waterspout occurred near the Gajah Mungkur dam in Wonogiri regency in Indonesias Central Java on Wednesday, January 20 causing scenes of destruction on residents property.

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