Indonesia Eyes V-Shaped Recovery With Exit From Virus Lockdowns

  • Indonesian officials are drawing up plans for a gradual exit from strict social distancing measures, betting the return to a new normal will pave the way for a V-shaped recovery for Southeast Asia’s biggest economy.
  • The government is drafting a new health protocol for reopening of industrial estates in regions where the Covid-19 pandemic is under control, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
  • Modern and wet markets, tourist sites and transport may follow industrial clusters in resuming operations, he said.
  • “What we hope is for Indonesia to come out of this crisis with a V-shaped recovery or at least a U-shaped one,” Hartarto said at a briefing in Jakarta after a cabinet meeting to review preparations for easing mobility restrictions.
  • The country must prepare for “a new normal,” by strengthening the health system and adjusting economic activities, he said. While the government will take steps to mitigate the spread of the virus, protecting jobs must also be at the heart of its policy response, Hartarto said.
  • Indonesia’s capital Jakarta, mining belts of Bangka Belitung, North Kalimantan and West Kalimantan and tourist destinations such as Bali and and Yogyakarta are among regions where the pandemic is under control and ready for the new normal, he said.

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