VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Research Director of the Institute for Development of Economics and Finance (Indef), Berly Martawardaya, revealed that national economic recovery could occur quickly if the COVID-19 pandemic subsides or is successfully controlled.

"If the pandemic subsides, the addition of COVID-19 sufferers will slow down, and there is also the possibility of an economic recession which will only last for about two or three quarters," Berly said in an online discussion in Jakarta, Thursday.

In addition, he also added that the recovery scheme that occurs is also possible in the form of a short U curve where economic recovery can occur quickly, with less than a year.

He said that domestic consumption, which also helps the current economy during the pandemic will support the post-pandemic national economic recovery.

However, if the pandemic does not subside, it will be very difficult for the government to make efforts to restore the national economy.

"If the pandemic continues, the economy will not improve or recover," Berly said.

He said if the pandemic continues, then there will be more patients, then an economic recession is likely to occur over three quarters or more than a year, and the recovery scheme will be in a long L or U curve form.

Previously President Joko Widodo emphasized that public safety is a priority in handling health and economic problems. He said the government needs work, flexibility, and simplicity of procedures so that all problems can be handled quickly, on target, and efficiently. (Antaranews)