Business and economics figures are carefully managing their expectations on economic recovery following the rollout of Indonesia’s COVID-19 vaccination program on Wednesday morning, keeping a watchful eye over the program’s potential challenges and that it would take time until the coronavirus outbreak can be brought under control to allow businesses to resume operating normally. “The vaccination [program] may give a boost to [consumer] confidence. But the vaccination drive is not a silver bullet and therefore, structural reform to attract investment is crucial to jack up the economy,” Bahana Sekuritas economist Satria Sambijantoro told The Jakarta Post on Tuesday. Indonesia is likely to see economic growth of up to 5 percent this year, driven by the low-base effect, Satria added. The country plunged into recession in 2020 for the first time in two decade…
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COVID-19 COVID-19-vaccines Sinovac-Biotech CoronaVac Jokowi economic-recovery consumer-confidence