PPKM continues until the end of August 2021, Indonesia will be in another recession

Liputan6.com, Jakarta Director of the Center of Economic and Law Studies (Celios) Bhima Yudhistira is aware of the possibility PPKM again extended until the end of August 2021.

If that is done, he predicts that Indonesia will re-enter recession economics in semester II 2021.

“There is a possibility of entering trajectory recession returns in the third quarter and fourth quarter of 2021,” Bhima told Liputan6.com, Saturday (7/8/2021).

According to him, a strict PPKM extension will automatically make community purchasing power down. Then investors are still wait and see waiting for daily cases of Covid-19 below 5,000.

In addition, Bhima added, the export side will also be disrupted. This is because Indonesia’s export commodity prices are now dependent on demand from China and the United States (US).

“Both countries are facing a delta variant, especially China. So the uncertainty of export demand is high,” said Bhima.

Bhima assessed that the implementation of PPKM until August 9, 2021 alone will make economic growth in the third quarter of 2021 it will contract again minus.

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