The pressure is on the Indonesian government now. File picture is showing job seekers crowd the Education and Career Fair at the Smesco building in Jakarta. The Covid-19 pandemic is projected to increase unemployment by 5.5 million people this year. - The Jakarta Post/Asian News Network
JAKARTA, Nov 23 (The Jakarta Post/ANN): Indonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish.
Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well as the availability of a coronavirus vaccine, Institute for Development of Economics and Finance (Indef) executive director Tauhid Ahmad said during a virtual discussion on Monday (Nov 23).
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