Indonesia's Minister: Weak Consumption a Hurdle for Recovery

The transcript discusses the challenges faced by governments in designing effective policy responses during unprecedented situations like the COVID-19 pandemic. It highlights the importance of having accurate data and systems in place, especially for middle-income countries like Indonesia. The role of digital technology in targeting support to individuals and businesses is emphasized, along with the need for government support for sectors like hotels. The transcript also covers the importance of restoring consumer confidence for economic recovery and the potential impact of a second wave of COVID-19.

What is a major challenge for middle-income countries like Indonesia in implementing policy designs?

• Over-reliance on digital technology

• Excessive government funding

• Lack of good intentions

• Absence of complete data and systems

How can digital technology assist in policy implementation?

• By increasing bureaucratic processes

• By targeting individuals directly through their accounts

• By providing unlimited funding

• By eliminating the need for data

What is a critical issue for businesses like hotels during the pandemic?

• Increased guest revenue

• Excessive taxation incentives

• Need for government support on electricity

• Reduced electricity consumption

What is essential for restoring consumer confidence in Indonesia?

• Handling of the pandemic and vaccine distribution

• Increased government spending

• Reduction in business operations

• Elimination of digital technology

What could potentially set back economic progress during the recovery phase?

• Effective policy implementation

• Stable market demand

• Increased consumer confidence

• A second wave of the pandemic