Indonesia weighs easing coronavirus shutdown from early June to save economy

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JAKARTA (BLOOMBERG) - Indonesian officials have begun discussions about reopening South-east Asia's largest economy in phases starting from June, as job losses accelerate and businesses struggle to survive amid strict social-distancing rules against coronavirus.. Read more at straitstimes.com.

JAKARTA - Indonesian officials have begun discussions about reopening South-east Asia's largest economy in phases starting from June, as job losses accelerate and businesses struggle to survive amid strict social-distancing rules against coronavirus.

Authorities in Jakarta have extended the partial lockdown - which includes a ban on gatherings of more than five people, limited public transport and mandatory work-from-home - to May 22. More than 20 other cities and three provinces have similar restrictions in place through the end of May. The urgency to moderate social-distancing measures stems from the grim outlook for Indonesia's economy, which grew at its lowest pace in almost two decades in the first quarter - even before data reflect the pandemic's full toll.

 

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