Indonesia president calls to 'reboot' economy amid pandemic

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The government expects Indonesia's economy to post near-flat growth this year. FMTNews

Joko Widodo likens the current economic situation to ‘a computer crash’ causing stagnation.

Widodo made the remarks in his annual state of the union speech to parliament. Due to coronavirus precautions, less than half of the lawmakers were present for his address, with the rest watching online. “We must not let the crisis bring about setbacks. In fact, we must capitalise on the crisis as a momentum to make a big leap,” said Widodo, who was wearing a traditional outfit from the Sabu people in the eastern part of the archipelago.

Widodo said accelerating reform of the health sector was a top priority, along with strengthening food supply chains, including with a newly planned food estate on Borneo island.

Source: Financial Digest (financialdigest.net)

 

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