INDONESIA'S ECONOMY RECESSION, PERSONAL STEPS COULD BE PREPARED
By Admin | 17 October 2020 08:48:18 | 343 | 0
Head of the Fiscal Policy Agency Ministry of Finance Febrio Kacaribu revealed that Indonesia has entered an economic recession where the recession has occurred since the beginning of the first quarter of 2020. 2.97 percent
The economy in Indonesia before being affected by Covid 19 reached an average of 5 percent, down to 2.97 percent in the first quarter of 2020. The decline continued into the second quarter where the realization was minus 5.32 percent
Meanwhile, the Ministry of Finance estimates the figure will be in the range of minus 2.9 percent to minus 1 percent in the third quarter, which will be announced on November 05. (cnbcindonesia.com)
The Covid-19 pandemic made the entire world economy, including Indonesia, experienced a deep slowdown. Of course this is clearly a recession, in a crisis like this, the State has prepared a way to get out of the abyss of financial recession. not demanding the possibility that all sectors will experience the impact of the recession then what about individuals who must be prepared not to fall into the abyss of recession?
The preparation needed during a recession is to make good use of opportunities and build an emergency fund. For you workers, don't feel too comfortable with your current position just because the company's conditions are relatively stable and the amount of salary is fantastic. Be prepared for the event that you get fired one day
Likewise if you are an entrepreneur to anticipate the possibility of being in a hurry then you should be able to see the opportunities around and do what can generate income
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