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Friday, 06 March 2020 19:47

Impact of Coronavirus More Complicated Than Global Economic Pressure

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The coronavirus outbreak has more complex impact on the global economy than 2008 global economic pressure fueled by US investment bank Lehman Brothers’ bankruptcy. This was stated by Indonesian Finance Minister Sri Mulyani Indrawati. The coronavirus (Covid-19) outbreak has put direct pressure on individuals and not through the financial sector as in 2008, the minister noted at the Presidential Palace in Jakarta on Thursday (5/3). The direct pressure on individuals has disrupted economic and other activities of the community, including the closure of schools and factories, thereby resulting in a delay in the realization of public activities, including production, as quoted by Antara. The short-term impact of the 2008 global economic pressure only touched financial service institutes, while the coronavirus outbreak has a real impact on public activities, including the economy. (Ant)

Read 570 times Last modified on Saturday, 07 March 2020 12:55