The recovery of the European Union’s economy may be delayed due to the threat of a new Covid-19 variant and a surge in new cases.
Widespread demonstrations and riots in several European countries, such as the Netherlands and Denmark, protesting against area quarantine, are a lesson to other countries.
The Covid-19 pandemic has been a game changer. Growth maps, both for global and domestic economy along with their related sectors will undergo change after the pandemic.
Even though there have been signs of recovery, the Indonesian economy still suffered a 2.19 percent contraction in the fourth quarter of 2020.
Leverage is determined not only by the proportion of income spent but is also influenced by various socioeconomic and cultural factors.
Apart from health problems, the main global issue is to ensure sustainable economic recovery. Strengthening the role of multilateral institutions, such as the IMF, World Bank and WTO, is a fundamental step.
The vaccination program may face a number of problems related to, among other things, the management and effectiveness of distribution to reach all communities in the country.
The lessons learned from last year’s long holiday was that a spike in new positive COVID-19 cases would reduce household spending.
In fact, no one person or institution has understood the economy well this past year. Economic projections are made with the assumption that the Covid-19 pandemic can be overcome.
Since President Joko “Jokowi” Widodo announced the free vaccine plan recently, it has become the hot topic of public debate and has also brought enthusiasm to a number of parties.