Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Expert Advises Lockdown, Argues Economic Rescue Scenario Possible

25 June 2021 09:39 WIB

Red cross staff wearing protective suits spray disinfectant to prevent the spread of the coronavirus disease (COVID-19) in Jakarta, Indonesia, May 31, 2020. REUTERS/Ajeng Dinar Ulfiana

TEMPO.CO, Jakarta - The increasing number of coronavirus cases caused by the new delta strain motivated a plethora of public figures to call for a lockdown. An economist from Institute of Development on Economics and Finance (Indef), Bhima Yudhistira, suggested the President make the call as he argued it would reduce the risk of facing economic losses.

“We have calculated the risk of imposing a national lockdown would at least use up Rp11-25 trillion for 14 days,” said the economist to Tempo on Thursday, June 24. 

Especially for the capital city of Jakarta, Yudhistira assumed that the government would need to prepare a budget of Rp550 billion to Rp7.7 trillion if a total lockdown is imposed for two weeks. Based on his calculation, Jakarta contributes to 70 percent of the national money circulation.

Despite being considered as a large amount of spending, he believed this would overcome the expected GDP losses if the total public activity restriction is not imposed amounting to an estimated Rp77-308 trillion. 

He argued Indonesia risks losing GDP more than Rp 463-848 trillion by not implementing a lockdown. He forecasted that Indonesia’s economic growth could log 3.4.5 percent by the end of the year by imposing the restriction.

“So why not just lock it down as the cost is cheaper than the loss if not doing so. After the lockdown succeeds, the economy can solidly grow. Don’t make half-hearted policies amids an emergency situation,” said the economist. 

Read: Health Minister Asserts President's Orders: 'Public Health Over Economy'

FRANCISCA CHRISTY ROSANA



Indonesian Exports Struggle Due to Dependence on China, Says Economist

1 hari lalu

Indonesian Exports Struggle Due to Dependence on China, Says Economist

Economist Mohammad Faisal attributed the slowdown pace of Indonesia's export sector to the country's reliance on the Chinese market.


Today's Top 3 News: Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

6 hari lalu

Today's Top 3 News: Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

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


Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

6 hari lalu

Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

President-elect Prabowo Subianto expressed optimism about achieving 8% economic growth.


Indonesia Needs to Push for EV Localization to Lead ASEAN Market, Boost Economy, Analysts Said

7 hari lalu

Indonesia Needs to Push for EV Localization to Lead ASEAN Market, Boost Economy, Analysts Said

Indonesia should localize its EV component production to become a leader in the electric vehicle (EV) industry within ASEAN, analsysts said.


IMF Sees Steady Global Growth, Warns of Slowing Disinflation Momentum

9 hari lalu

IMF Sees Steady Global Growth, Warns of Slowing Disinflation Momentum

The IMF warns in an update to its World Economic Outlook(WEO) that momentum in the fight against inflation is slowing.


Global Oil Prices Inched Down amid China's Slowing Economy

9 hari lalu

Global Oil Prices Inched Down amid China's Slowing Economy

World oil prices fell on Tuesday, July 16.


Jakarta Fair 2024 Drives Rp7.5 Trillion in Transactions

10 hari lalu

Jakarta Fair 2024 Drives Rp7.5 Trillion in Transactions

The Jakarta Fair Kemayoran 2024 successfully wrapped up with a record-breaking Rp7.5 trillion in transactions and a total of 6.3 million visitors.


INDEF Economist Claims Free Meal Program Better Than Continuing New Capital Development

14 hari lalu

INDEF Economist Claims Free Meal Program Better Than Continuing New Capital Development

Prabowo Subianto's free meal program also burdens State Budget, but no more than the new capital project.


Jokowi Claims Indonesian Economy, Politics Very Stable

17 hari lalu

Jokowi Claims Indonesian Economy, Politics Very Stable

Indonesian President Joko Widodo or Jokowi claims that the country's economy and politics are doing well.


Khamenei Protege, Sole Moderate Neck and Neck in Iran Presidential Race

26 hari lalu

Khamenei Protege, Sole Moderate Neck and Neck in Iran Presidential Race

A low-key moderate and a protege of Iran's supreme leader are neck-and-neck in the vote count in snap presidential elections.