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Tag: ASEAN

Economy and Finance

Foreign Investment Decreased 30 Percent. Is This the Impact of the Global Economic Recession?

JAKARTA - The Investment Coordinating Board (BKPM) emphasized that the global economic crisis has caused foreign investment (PMA) globally to fall 30-40 percent. BKPM's Expert Staff for Increasing Investment Competitiveness, Heldy Satrya Putera. He explained that they felt the contraction to deepen after over 90 percent of the country experienced a crisis because of the Covid-19 pandemic. Economic conditions in 2020 provide great uncertainty for investment because almost all countries are experiencing recessions. In fact, the recession that occurred due to the crisis in 2020 was the biggest since 149 years ago. “The recession has started with a trade war, Britain is leaving Brexit, until the pandemic. The world contraction has caused FDI (foreign direct investment / PMA) to fall. He s...