Employment Crisis Mitigation

The World Bank recommends that Indonesia mitigate and overcome the employment crisis that has the potential to increase unemployment and the poor due to the ongoing economic uncertainty due to the Covid-19 pandemic.

Social assistance programs need to be continued and jobs, especially for the middle class, also need to be created. Director of the World Bank for Indonesia and Timor Leste Satu Kahkonen, said that the world, including Indonesia, was experiencing a recession due to the COVID-19 pandemic. However, Indonesia's recession rate is not as severe as the world average. In 2020, world economic growth will be minus 3.5 percent, while the Indonesian economy will grow minus 2.1 percent. This crisis has caused millions of people in Indonesia to lose their jobs and fall into poverty.” However, with the policies introduced by the government, Indonesia can prevent more people from falling into poverty. One of them is through social assistance policies," said Kahkonen at the launch of the World Bank report on "Indonesia's Economic Prospects to Accelerate Recovery" June 2021 edition which was held virtually. The World Bank noted that during February 2020 to February 2021, around 1.8 million Indonesians were unemployed, 3.2 million people lost their jobs, and approximately 300,000 young prospective workers entered the labor market. Meanwhile, 2.8 million people have fallen into poverty as of September 2020.

|•SOURCE•| Image :TIMES |

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