{"id":3354,"date":"2021-01-25T05:12:38","date_gmt":"2021-01-25T05:12:38","guid":{"rendered":"https:\/\/web-revamp.reandabernardi.com\/?p=3354"},"modified":"2024-09-18T11:25:04","modified_gmt":"2024-09-18T11:25:04","slug":"indonesias-economic-rewind-in-2020","status":"publish","type":"post","link":"https:\/\/web-revamp.reandabernardi.com\/id\/2021\/01\/25\/indonesias-economic-rewind-in-2020\/","title":{"rendered":"Indonesia&#8217;s Economic Rewind in 2020"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3354\" class=\"elementor elementor-3354\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20da4f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20da4f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4e762bd7\" data-id=\"4e762bd7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e29dc22 de_scroll_animation_no elementor-widget elementor-widget-elementskit-heading\" data-id=\"e29dc22\" data-element_type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h2 class=\"ekit-heading--title elementskit-section-title\">\n\t\t\t\t\tIndonesia's Economic Rewind in 2020\n\t\t\t\t\t<\/h2><div class=\"ekit_heading_separetor_wraper ekit_heading_elementskit-border-divider elementskit-style-long\"><div class=\"elementskit-border-divider elementskit-style-long\"><\/div><\/div><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63348835 de_scroll_animation_no elementor-widget elementor-widget-post-date\" data-id=\"63348835\" data-element_type=\"widget\" data-widget_type=\"post-date.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"press-elements-date\">Januari 25, 2021<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-384403d de_scroll_animation_no elementor-widget elementor-widget-image\" data-id=\"384403d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"620\" height=\"413\" src=\"https:\/\/web-revamp.reandabernardi.com\/wp-content\/uploads\/2022\/11\/ARTIKEL-16.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/web-revamp.reandabernardi.com\/wp-content\/uploads\/2022\/11\/ARTIKEL-16.png 620w, https:\/\/web-revamp.reandabernardi.com\/wp-content\/uploads\/2022\/11\/ARTIKEL-16-300x200.png 300w, https:\/\/web-revamp.reandabernardi.com\/wp-content\/uploads\/2022\/11\/ARTIKEL-16-18x12.png 18w\" sizes=\"(max-width: 620px) 100vw, 620px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23e1f321 de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"23e1f321\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><!-- wp:paragraph --><\/p><p><!-- wp:image {\"id\":292,\"width\":750,\"height\":500,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><!-- \/wp:image --><!-- wp:paragraph --><\/p><p>The year 2020 was a challenging year because the Covid-19 pandemic affected various sectors worldwide, one of them is the economic sector. In 2020, many world institutions predicted that global economic growth would record the deepest contraction in history since the Great Depression or World War II. The flashback of the Indonesian economy has shown that the economic downturn occurred in the second quarter of 2020. It has been inseparable from the implementation of limited lockdown or Large-Scale Social Restriction (PSBB) nationally.<\/p><p>The implementation of lockdown has impacted the economic sector due to the limited space for businesses and the unpreparedness of entrepreneurs to implement this regulation. People&#8217;s purchasing power has decreased while production process continues. In the end, many companies are forced to lay-off their employees and close their businesses. This really has affected the welfare of Indonesian society because the number of unemployment is increasing due to the Covid-19 pandemic.<\/p><p>At the beginning of 2020, the Government was still optimistic about the growth of the national economy. However, the first Covid-19 case was just found in Indonesia at the end of March 2020, so that the Government took a preventive step in the form of Large-Scale Restrictions from April to June 2020. This caused the economy during April-June 2020 to experience a deep contraction, namely around 3.14% year-on-year.<\/p><p>Entering the third quarter of 2020, the government began to loosen the lockdown regulations, and the economy started to increase. Despite the negative growth still, the contraction in the third quarter of 2020 was not as deep as the second quarter. Businesses began to grow again and tried to walk in a new normal. This situation that is forced to normalize has resulted in an increase of economic growth on a quarter-to-quarter basis (q-to-q), which is 5.05%.<\/p><p>In the fourth quarter of 2020, Indonesia was declared to be entering the brink of recession. It is caused by the negative economic growth experienced by Indonesia for two consecutive quarters. \u00a0The Government has done various efforts in order to restimulate the economy with programs through monetary and fiscal policy.<\/p><p>Flashback to the Indonesian economy in 2020 provides many evaluations for the Government in regulating the economy. Year 2021 is the time for the Government to focus on restructuring the economy. The Government must work extra-hard with extra-programs as well to be able to recover the economy. These efforts are done by improving the fiscal policy to increase state revenue. The Government&#8217;s actions will not run smoothly without any supports from the public. Let&#8217;s support the Government&#8217;s efforts by paying taxes obediently to accelerate the wheels of Indonesia&#8217;s economic growth.<\/p><p><!-- \/wp:list --><\/p><ul><!-- \/wp:list-item --><\/ul><p><!-- \/wp:list --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3e7b44ae\" data-id=\"3e7b44ae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70983ad2 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"70983ad2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Latest News<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13e59f26 elementor-widget-divider--view-line de_scroll_animation_no elementor-widget elementor-widget-divider\" data-id=\"13e59f26\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);-ms-flex-negative:0;flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:-webkit-box;display:-ms-flexbox;display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text 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.elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-container>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow,0)}<\/style>\t\t<div 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2025\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2025\/09\/25\/building-business-collaboration-sustainability-at-reanda-regional-meeting-2025\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Building Business Collaboration &amp; Sustainability at Reanda Regional Meeting 2025<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t25 Sep 2025\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li 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class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">APBN 2025 (Indonesian State Budget 2025) : The Government&#039;s Commitment to Accelerating Inclusive an<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t27 Sep 2024\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2024\/09\/18\/reanda-x-bca-collaborate-to-bring-chinese-investments-to-indonesia\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Reanda x BCA Collaborate to Bring Chinese Investments to Indonesia<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t18 Sep 2024\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2024\/04\/04\/reanda-international-was-invited-to-participate-in-the-list-of-tips-for-chinese-enterprises-to-invest-and-operate-in-indonesia\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Reanda International was invited to participate in the &quot;List of Tips for Chinese Enterprises to Invest and Operate in Indonesia&quot;<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t04 Apr 2024\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2022\/11\/24\/the-media-has-covered-reandas-success-as-a-member-of-the-forum-of-firms\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The Media has Covered Reanda&#039;s Success As A Member of The Forum of Firms<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t24 Nov 2022\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2022\/11\/24\/reanda-international-admitted-as-member-of-forum-of-firms\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Reanda International admitted as Member of Forum of Firms<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t24 Nov 2022\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t<a href=\"https:\/\/web-revamp.reandabernardi.com\/id\/2021\/09\/05\/reanda-indonesia-managing-partner-elected-as-member-of-the-national-council-of-iapi\/\" >\n\t\t\t\t\t\t\t\t\t\t<div class=\"ekit_post_list_content_wraper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Reanda Indonesia Managing Partner, Elected as Member of the National Council of IAPI<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"meta-lists\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"meta-date\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-calendar-page-empty\"><\/i>\t\n\n\t\t\t\t\t\t\t\t05 Sep 2021\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Indonesia&#8217;s Economic Rewind in 2020 November 24, 2022 Latest News Reanda x BCA Collaborate to Bring Chinese Investments to Indonesia 18 Sep 2024 Reanda International was invited to participate in the &quot;List of Tips for Chinese Enterprises to Invest and Operate in Indonesia&quot; 04 Apr 2024 The Media has Covered Reanda&#039;s Success As A Member [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center"],"_links":{"self":[{"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/posts\/3354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/comments?post=3354"}],"version-history":[{"count":8,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/posts\/3354\/revisions"}],"predecessor-version":[{"id":3748,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/posts\/3354\/revisions\/3748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/media\/3348"}],"wp:attachment":[{"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/media?parent=3354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/categories?post=3354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web-revamp.reandabernardi.com\/id\/wp-json\/wp\/v2\/tags?post=3354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}