Thursday, 14 November 2019

Jokowi's Steps to Anticipate Global Economic Recession

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Petir Garda Bhwana

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  • TEMPO.CO, JakartaThe government is getting serious in anticipating a global economic weakening which possibly causes increasing economic recession. On Wednesday, September 4, President Joko Widodo or Jokowi held a limited meeting for talks of steps and prospects to face the issue.

    “Hopefully, we have concretely prepared anticipative measures and we can avert the global economic weakening and its impact of the expanding recession,” said the President in State Palace, Wednesday, September 4.

    According to him, the fastest step the government can do is to boost investment in the country.

    He then instructed all his staffers to readily list every regulation on the economy and investment that is considered to hinder the government in raising economic growth.

    The Central Statistics Agency (BPS) recorded that the country’s economic growth in the second quarter of 2019 was 5.05 percent year on year, slower than that of last year at 5.27 percent.

    The Director of the World Bank for Indonesia, Rodrigo A. Chaves, had earlier met with President Jokowi to remind him of the possible global economic weakening. 

    “There are several points that need to be monitored in the current geopolitical situation. Indonesia needs to constantly monitor this and prepare the necessary steps,” said Rodrigo on Monday, September 2.

    GHOIDA RAHMAH