JAKARTA - The World Bank or World Bank predicts that Indonesia's economic growth will be flat in 2020, namely the figure of 0 percent to minus 2 percent. This is because the impact of the COVID-19 outbreak has spread massively.
Center of Reform on Economics (CORE) Research Director Piter Abdullah said the prediction of the world bank is not something to be bothered with. This is because all countries affected by COVID-19 have experienced the same thing. The world economy has contracted due to this virus by up to minus 5 percent.
Piter said, it is not impossible that Indonesia's economic growth could fall below minus 2 percent. This happens if the pagebluk has not ended. Moreover, a vaccine has not been found until now.
"Even if we experience a contraction at this time, the World Bank says we will contract 0 percent, that figure is even better than my estimate. If our estimate at the Core is in the range of 0 to minus 2," he explained, in a virtual discussion, Wednesday, 10 June.
According to Piter, compared to developed countries such as China and the United States, the 0 percent contraction for Indonesia still shows good economic performance.
Piter said that the current government should focus on finding the best solution so that Indonesia's economy will recover quickly after the COVID-19 outbreak. He considered, it would be better if Indonesia's economic growth was only minus 2 percent at this time, but it could quickly increase in 2021.
"What is our focus is how much we will grow in 2021, we better grow by minus 2 percent, but we can grow 6-7 percent in 2021. Instead we can keep it at the 0 percent level, but in 2021 we cannot rise. , we only grew 1-2 percent. That is what I think should be avoided, "he said.
Previously, the World Bank or World Bank predicted that this year's global economic growth will decline to minus 5.2 percent due to the massive spread of COVID-19. Thus, the global economy will experience a recession.
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