Indonesia's measures to slow the spread of COVID-19 have included large-scale social restrictions in several economically important regions, an official ban on the mudik homecoming during Ramadan and the suspension of most domestic transportation services. With the government now considering easing containment measures for economic reasons, however, there are concerns about mixed messages. In addition, low testing rates, large numbers of infections among health care workers, worries over data reliability and grumbling over the dispersal of social assistance have all fueled concerns. There is also deep anxiety about the depth of the economic crisis caused by the pandemic's dislocation. While economic policy responses have been prompt and robust, the scale of the crisis remains daunting.
The Indonesian government has taken numerous measures to mitigate the economic damage, reallocate the budget, and cushion the fallout on businesses, including three economic stimulus packages worth $26 billion. But as we contemplate the recovery period, what will it take for Indonesia to return to robust growth? What can the government do to attract foreign investors during the recovery period? How should companies handle the continuing social restrictions and additional requirements that may cause disruptions to supply chains?
Join AmCham for this important discussion.