• Economic Update

    • economic update
    • economicupdate
      • October-2020: Turning Point To Accelerate Economic Recovery
        PEFINDO is of the view that uncertainties have reached its peak and domestic economic recession has bottomed out; hence, it is expected that the economy will gradually return to its normal path. Much of these favorable developments were due to the Rp695,2 trillion government budget allocation to mitigate the social and economic impact of the Covid-19 pandemic. The latest (August) Retail Sales Survey performed by Bank Indonesia shows an an encouraging retail sales performance across most commodity groups. Furthermore, the latest (Q3) Prompt Manufacturing Index (PMI), also conducted by Bank Indonesia, jumped from only 28.6 point in the second quarter to 44.9 point in the third quarter, and is expected to increase slightly to 47.2 point in the next quarter (Q4) of 2020. More detail ...
      • August-2020: Vaccine: The Hope
        PEFINDO is of the view that an effective and mass produced COVID-19 vaccine is the key to ending the current global health crisis and its devastating economic impacts. As of August 13, 2020, just one such vaccine has been approved for early use, “Sputnik V”, developed by the Gamaleya Research Institute in Moscow, although experts have raised considerable concerns over its safety and efficacy given that it has not yet completed Phase 3 clinical trials. More detail ...
      • June-2020: Possibilities and Uncertainties Ahead
        PEFINDO is of the view that with so many possibilities and uncertainties, economic recovery from the COVID-19 pandemic could be worse than ever expected. As there are no signs that the pandemic will ease up any time soon, economic growth still faces several risks and challenges ahead. Governments will have to delicately balance the needs of the economy alongside the need to break the chains of virus transmissions. More detail ...
      • April-2020: Adapting to the New Normal
        PEFINDO is of the view that the spread of COVID-19 is changing how we live, confining many people to their homes and radically altering the way we move about. Since the magnitude and speed of the collapse in activities that has followed is unlike anything experienced in our lifetime, and the pandemic is inflicting high and rising human costs worldwide, the necessary protection measures are severely impacting economic activity. Despite the negative effects, the pandemic has already changed consumer behavior, with more concern for health and boosting the online sectors, and drawing some of us to altruism and the collective economy rather than an agglomeration of fragmented individuals. More detail ...
      • February-2020: Coronavirus : The Downside Risk and Policy Maker Response
        PEFINDO is of the view that the rapid spread of the coronavirus disease (Covid-19) that was first detected in Wuhan, China, on December 31, 2019, will have a negative impact on global economic growth and Indonesia as well. Supply chains are disrupted, demand for final goods has weakened, commodity prices are slumping, and risk aversion sentiment has hit investors on a global scale. According to the World Health Organization (WHO), we have to realize that the fatality rate of Covid-19 as of March 1, 2020, was only at about 3.2%, lower than the Severe Acute Respiratory Syndrome (SARS) virus that killed about 10% of all infected individuals and the Middle East Respiratory Syndrome (MERS) outbreak in 2012 that had a fatality rate of around 35%. More detail ...
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