Virtual Public Discussion – Coronavirus Crisis? Assessing the Impact of COVID-19 on the Indonesian and World Economy

The current coronavirus pandemic is creating enormous burden on the global economy. It is already inflicting serious damage on supply chains, demand, and financial market, affecting business investment, household consumption, and international trade. The ADB on 3rd April estimated the pandemic could cost the world economy $4.1 trillion or almost 5% of global gross domestic product. With the uncertainty of when will the pandemic end, governments are bracing for the full impact from the coronavirus economic downturn.

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FPCI Special Update on the Economic Impact of COVID-19 Outbreak on Indonesia

Presently, COVID-19 continues to wreak havoc across the world, claiming tens of thousands of human casualties. The economic costs of the virus are still on-going but certain to be devastating to the global economy. Travel ban, trade restriction, social distancing and lock down are severely hurting businesses and will create loss of jobs. Indonesian economy has shown several damages that the virus has done to the country’s trade and industry, workforce, and financial market sector.

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FPCI Issues to Watch on Covid-19, US-China Relations, and ASEAN – Interview with Prof. Kishore Mahbubani

Along with the rising cases of coronavirus infection around the world, the political tensions between global major powers are also growing significantly. Experts from all over the world start to discuss the geopolitical and geo-economics aspects of the COVID-19 outbreak. From the fragility of the globalized system, the changes in global economic directions until the analysis of US-China power race competition during and after the coronavirus pandemic.

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