This is Sri Mulyani's Spooky Prediction About Covid & the Economy
The spread of positive COVID cases has not shown any signs of decreasing. This will result in an extension of the implementation of the Emergency Community Activity Limitation (PPKM) and delaying the national economic recovery.
In the second quarter of 2021, the Prompt Manufacturing Index-BI (PMI-BI) was recorded at 51.45%. An increase compared to the previous quarter which was 50.01% and the second quarter of last year, which was 28.55%. Like the manufacturing PMI version of IHS Markit, the PMI-BI also uses the number 50 as a starting point. If it is above 50, it means that the industrialist is in the expansion phase. Then, BI also revealed that the results of the Business Activity Survey (SKDU) indicated that business activities were accelerating. This is reflected in the value of Weighted Net Balance (WNB) which increased by 18.98% in the second quarter of 2021 compared to 4.5% in the previous quarter. In line with the development of business activities, used production capacity was 75.33% in the second quarter of 2021, an increase from the previous quarter's achievement of 73.38%. Employment of labor is also indicated to improve although it is still in the contraction phase, with the financial condition of the business world and access to credit improving. However, it looks like the third quarter of 2021 will be a different story. The Policy for the Implementation of Restrictions on Community Activities (PPKM) will make the economy 'limp', even 'suspended animation'. Emergency PPKM mandates 100% of workers in non-essential and non-critical sectors to work from home (work from home). Shopping centers must be closed, and restaurants / food stalls are not allowed to serve visitors who eat and drink on the premises.
|•SOURCE•| Articles :CNBC | Image :JAWAPOS |
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