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Working Together to Protect the Economy

The government is working hard to mitigate the impact of the coronavirus disease 2019 (COVID-19) outbreak on the national economy. Both the real and financial sectors are affected.

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KOMPAS/HERU SRI KUMORO

Bank Indonesia (BI) Governor Perry Warjiyo (left to right), Coordinating Economic Minister Airlangga Hartarto and Financial Services Agency (OJK) Board of Commissioners Chairman Wimboh Santoso walk after meeting President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Monday (2/3/2020). The meeting was related to tackling the economic impact of the coronavirus outbreak.

JAKARTA, KOMPAS —The government is working hard to mitigate the impact of the coronavirus disease 2019 (COVID-19) outbreak on the national economy. Both the real and financial sectors are affected.

The capital market has taken a hit and the rupiah’s exchange rate against the US dollar has been plummeting since last week due to investors’ concerns about the economic impacts of COVID-19. These concerns are exacerbated by investment trends in China’s manufacturing sector, as reflected in the country’s Purchasing Managers Index (PMI) for manufacturing, which dropped to 35.7 points in February 2020 – lower than during the 2008 financial crisis.

Editor: Nasrullah Nara
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