How Jokowi consolidated his power amid a pandemic


Source: leportale.com leportale.com

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Indonesia ’s economic recession was a comparatively modest 2.1 per cent , a good deal smaller than several of its neighbours. Economic recovery is gradually under way in 2022, with growth estimated at 3 per cent to 3.5 per cent . Quick response, with challenges ahead At the outset of the crisis , the authorities responded quickly, with Bank Indonesia adopting unconventional but effective monetary policy , in part to support a cautiously expansionary fiscal policy . Buoyant commodity prices have further stimulated the economy . As recovery proceeds, the challenge will be to revert to the pre- crisis fiscal...