Indonesia prepares 'exit strategies' to reopen parts of economy

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At least 2 million people have lost their jobs in the past 6 weeks and the poverty rate is increasing. FMTNews Indonesia Economy Strategy

JAKARTA: Indonesia is considering plans for a phased resumption of businesses in Southeast Asia’s biggest economy from as early as June 1, with the easing of restrictions aimed at curbing the novel coronavirus, government documents showed.

Officials at the Coordinating Ministry of Economic Affairs have looked at a five-phase plan to reopen some cities under strict health protocols, including wearing masks and social distancing, a document reviewed by Reuters showed. Raden Pardede, an adviser to the ministry who wrote the document, said it had not been approved and remained a proposal.

Indonesia’s economic growth slumped to the weakest in 19 years in the first quarter as the coronavirus dealt a blow to consumption and investment, but the economy did better than some others in the region.

 

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