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Tag: Lockdown

Economy and Finance

If Europe Lockdown Again, Indonesia Hopes It Won’t Interfere With Their Exports

Jakarta - A number of European countries are planning to carry out regional closures or lockdowns to prevent the second wave of transmission of the coronavirus (Covid-19). Director General of Foreign Trade, Didi Sumedi, hopes that the closure of Europe will not disrupt exports. Didi said lockdowns usually focus on limiting the movement of people, the majority of whom use air transportation. "Hopefully it won't affect our exports, because most of them are exported to Europe via sea cargo," said Didi when contacted by Kontan.co.id, Thursday (24/9). Even so, business actors still express concerns. Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for International Relations Shinta Widjaja Kamdani said "that the lockdown would create negative risks for Indonesian...
Economy and Finance

No lockdown, Japanese Economy Continues Recession

Japan's economy deepened. The economy contracted again in the second quarter of 2020 by -7.8% on a quarterly basis. Meanwhile, the second-quarter economy was -27.8% year-on-year or yoy. This happened because of the pandemic of the Corona virus that has disrupted the economy. The handling of Corona in Japan was praised by the Indonesian government for failing to achieve a total lockdown in dealing with the pandemic. However, economic activity continued to decline significantly as workers and consumers chose to stay at home. We got a big hit in April and May, but the economy we even reached had bottomed out in May, and in June a pretty big revival, "said Izumi Devalier, the main Japanese economist at Bank of America Merrill Lynch. Times Although the abyss of dein goes recession towards ...