Bambang Brodjonegoro: Wait for BPS Announcement on Recession

Translator

Ririe Ranggasari

Editor

Petir Garda Bhwana

Rabu, 23 September 2020 10:56 WIB

TEMPO.CO, Jakarta - Minister of Research and Technology Bambang Brodjonegoro said that all Indonesia can do now is wait for an announcement from the BPS to see if the economy has hit a recession. The BPS is scheduled to release economic data from the third quarter soon.

"We must take on numerous efforts to survive this pandemic while preparing strong foundations for our economy to run after the pandemic," Bambang said in an online discussion on virtual, Wednesday, September 23.

According to Bambang, Indonesia is experiencing economic disruptions with significant levels of corrections. Therefore, the minister said that the public must be "smart in reading the meaning of new normal".

"We must not interpret 'new normal' as going 'back to the past',"he remarked.

Doing so, he said, would lead the people to expect that the economy would be the same as before the pandemic. That is something that would take a very long time to happen, as Covid-19's rate of transmission in Indonesia is still very high.

Bambang offered solutions that can mitigate the significant economic impacts, in the form of technology and less-contact economy approaches.

Economic activities with minimum contact, he said, means combining economic activities with strict health protocols—allowing productivity and public safety.

"No more physical contact or face-to-face interactions. Replace them with IT," Bambang Brodjonegoro said.

Read also: Govt Predicts Indonesian COVID-19 Vaccine to be Ready in 2021

TEMPO.CO

Related News

Airline Ticket Prices Deflate by 0.97% During Ramadan; BPS Reveals Why

31 hari lalu

Airline Ticket Prices Deflate by 0.97% During Ramadan; BPS Reveals Why

The Central Statistics Agency or BPS stated that airfares in Ramadan in March 2024 experienced deflation of 0.97 percent.

Read More

Foreign Tourist Visits to Indonesia Yet to Reach Pre-pandemic Levels: BPS

32 hari lalu

Foreign Tourist Visits to Indonesia Yet to Reach Pre-pandemic Levels: BPS

Statistics Indonesia (BPS) confirmed a surge in the number of foreign tourist visits in February 2024.

Read More

Malaysian Tourists Dominate West Sumatra's Foreign Tourists' Number: BPS

3 Maret 2024

Malaysian Tourists Dominate West Sumatra's Foreign Tourists' Number: BPS

The Statistics Indonesia (BPS) says Malaysian tourists dominated the number of international travelers arriving in West Sumatra, Indonesia in January.

Read More

Rice Prices Skyrocket by 18.41% in February 2024, BPS Reports

1 Maret 2024

Rice Prices Skyrocket by 18.41% in February 2024, BPS Reports

BPS mentioned that the rice price in February 2024 skyrocketed by 18.41 percent year-on-year (y-o-y) at the milling, wholesale, and retail levels.

Read More

Jokowi Says Indonesia Safe from Economic Recession Amid Sluggish Global Economy

29 Februari 2024

Jokowi Says Indonesia Safe from Economic Recession Amid Sluggish Global Economy

Jokowi says the chances of economic recession in Indonesia are still very small compared to larger countries such as the US, the UK, or Japan.

Read More

Today's Top 3 News: France's Macron Opens Door to Recognizing Palestinian State

18 Februari 2024

Today's Top 3 News: France's Macron Opens Door to Recognizing Palestinian State

The following is the list of the top 3 news on Tempo English today.

Read More

Indonesia Expands Global Trade Market Access to Anticipate Japan's Recession

18 Februari 2024

Indonesia Expands Global Trade Market Access to Anticipate Japan's Recession

Indonesia plans to complete trade negotiations to expand market access to global trade to anticipate impact of Japanese recession.

Read More

Indonesia Expands Trade Market Access to Anticipate Japan's Recession

17 Februari 2024

Indonesia Expands Trade Market Access to Anticipate Japan's Recession

The Indonesian government plans to complete various trade negotiations to expand the market's access to global trade.

Read More

BPS Reports January Exports for Coal 'Sluggish' at US$2.41 billion

16 Februari 2024

BPS Reports January Exports for Coal 'Sluggish' at US$2.41 billion

BPS reported that the January exports for coal were sluggish in Indonesia.

Read More

January Export Drops 8.34% at US$20.52 billion, BPS Reports

15 Februari 2024

January Export Drops 8.34% at US$20.52 billion, BPS Reports

BPS recorded the January export value of Indonesia at US$20.52 billion, an 8.34 percent decline compared to December.

Read More