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Due to declining consumer expenditure, Indonesia’s economy is going through a rough patch. Prices fell for two months, indicating that Indonesians are cutting back on their shopping. Rising job losses cause families to justify every purchase made. With the advent of Ramadan, the expectation of many to save up rather than spend on luxury goods may prevail. Deflation and Job …
Back in 2019, the global economic stage witnessed a shift that sent tremors through Indonesia’s political echelons. The World Bank’s revelation struck a nerve – amidst the intricate dance of US-China trade tensions, Indonesia seemed to have missed its cue to join the bustling global manufacturing supply chains. The World Bank’s 2019 report painted a disconcerting picture: out of 30-plus …
President Joko ‘Jokowi’ Widodo said that the Indonesian nation and other nations were facing a very tough trial. Millions of people around the world exposed to COVID-19. Jokowi also said world economic growth had slowed down due to the COVID-19 pandemic and the economic growth of the number of large countries had decreased significantly since the outbreak. “The Parmusi Congress …
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