June 20, 2021 20:38 PM
Yajing Mayoran Asian Games Player Village (Atlet Wisma Kemayoran)
[British News Jakarta]Because people ignored the government’s ban on returning home, they returned home to celebrate the festive season. After the long Eid al-Fitr holiday ended and the crowds returned, the new crown pneumonia epidemic in Indonesia would once again fully erupt, which is expected. The situation of the new crown epidemic nationwide has rebounded sharply, especially in the red high-risk areas of the new crown epidemic nationwide. The epidemic situation on Java Island is still complicated and severe, and the number of confirmed cases of new crowns in the Yajing Special Zone is increasing. Atlet Wisma Kemayoran Asian Games athletes village (Atlet Wisma Kemayoran) emergency hospital for new crown virus patients began to be full, and medical staff were in a complete panic. According to data from the management of the Asian Games Village Emergency Hospital, the bed occupancy rate (BOR) of new crown-positive patients treated in Towers 4, 5, 6 and 7 has reached more than 80%. In response to the current economic situation, the central government has added the 8th building of Padmangan in the Mayoran Asian Games Village as an emergency hospital, which is expected to add more than 5,000 beds. By increasing the number of beds, the hospital bed occupancy rate can be reduced to below 60%. According to the World Health Organization (WHO), the bed occupancy rate must not exceed the 60% threshold.
There were more than 4,000 new cases in the Yajing Special Zone for three consecutive days; 4,144 new cases in a single day on June 17; 4,737 new cases on June 18; 4,895 new cases on June 19; new cases on June 20 5,582 cases.
According to the latest information released by the Indonesian New Coronavirus (COVID-19) Epidemic Prevention and Control Working Group, as of 10:00 Western Indonesian Time (WIB) on June 20, the cumulative number of cases nationwide has risen to 1,989,909. In the past 24 hours, new cases have been added. There are 13,737 confirmed cases. There were 371 new deaths, and the cumulative number of deaths has risen to 54,662.
The new wave of new crown pneumonia epidemic in Indonesia shows no signs of easing, so many netizens have signed a petition online to request President Jokowi to implement a nationwide comprehensive blockade. Currently, Indonesia only implements regional small-scale community activity restrictions (PPKM) measures, but the effect is minimal.
Minister of Finance Sri Mulyani Indrawati expressed confidence when attending the Working Meeting of the Eleventh Committee of the National Assembly on June 14th, “We hope that the economic growth in the second quarter will be maintained at the level of 7.1% to 8.3%. Because the composition of the second quarter is still strong, especially in April and May, due to the low base last year and the strong seasonal support for Eid al-Fitr.”
The government formulated the economic growth indicators for the second quarter on the basis that the Purchasing Managers Index (PMI) for the first and April was 54,6. Second, according to the Consumer Confidence Index (ICS) published by the Bank of Indonesia (BI), there has been an increase. Third, the total value of imports and exports is on the rise. Fourth, Gross Fixed Capital Formation (GFCF) is close to positive.
However, the sharp increase in the new crown pneumonia epidemic in June may affect the overall economic growth in the second quarter. In particular, if the government stepped up measures to prevent and control the epidemic, the economic activities of the community may decline, and all aspects of economic activities will be directly and profoundly affected.
Treasury Secretary Siri began to feel anxious that the outbreak of confirmed cases of new crown pneumonia will exhaust the government’s budget, and the deficit of the National Revenue and Expenditure Budget (APBN) will definitely increase. She is worried that she will eventually be in debt again and will become a new burden.
The sharp rise in the epidemic will have a negative impact on the government’s economic recovery, and it may even become futile and fall short.
Achmad Hafisz Tohir, a member of the Eleventh Committee of the National Assembly, admitted that he was pessimistic about achieving a 7% economic growth rate in the second quarter of 2021. Especially when the epidemic is still under effective control, the spread of the new coronavirus mutant has already occurred. He estimated that my country’s economic growth can only reach 4.5%. In the first quarter of my country, China’s gross domestic product (GDP) fell by 0.74% year-on-year, while in 2020 my country’s GDP contracted by 2.07% year-on-year. The World Bank estimates that Indonesia’s economic growth will reach 4.4% in 2021 and will grow to 5% in 2022.
Mohammad Faisal, executive director of the Indonesian Center for Economic Reform (CORE), said that the new wave of dangerous bells for the new crown disease epidemic has been sounded. The impact of the rebound of the epidemic on the economy will be comprehensive. The government’s 7.1% to 8.3% economic growth target will be difficult to achieve. He estimated that the economic growth in 2021 will be in the range of 4-5%.
In addition, the monetary policy of the United States will affect global monetary policy. Inflation in the United States has put tremendous pressure on global monetary policy, including Indonesia. (V)
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