Insight: COVID-19 Crisis In Indonesia: How Will The Poor Recover?

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Published on September 30, 2020 by

It’s been described as the worst economic downturn in Indonesia since the 1998 Asian financial crisis. COVID-19 has brought the Indonesian economy to its knees. It has also reversed decades of progress in poverty alleviation in Southeast Asia’s largest economy. More than 6 million jobs have been lost and 5 million more Indonesians have now fallen into poverty as a result of the pandemic. Will COVID-19 outbreak trigger another major economic crisis in Indonesia and push millions of Indonesians into extreme poverty? Will Indonesia see the repeat of the 1998 financial crisis as well as the political turmoil that gripped the nation soon after? Can Indonesia survive the challenge and recover from the devastating impact of the pandemic?

Website: https://cna.asia/cnainsider

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