The worst of the Covid-19-induced economic crisis appears to be behind Indonesia, with the economic contraction lessening in the second half of 2020. While the economic downturn in Indonesia has been modest compared with downturns in peer countries, Indonesia’s handling of the pandemic has been lacking. Almost a year into the pandemic, the country was still struggling with the first wave of infection as the number of new cases reported each day continued to rise. Facing criticism over the government’s handling of the pandemic, President Joko Widodo reshuffled his cabinet at the end of 2020. This Survey examines Indonesia’s plans to manage a longer-than-expected recovery from the effects of the pandemic. We see that much of the labour market is adjusting to widespread loss of employment by shifting into the agricultural sector. We also see an increase in informal employment, leading to a lower unemployment rate than expected. We argue that the pandemic has exacerbated Indonesia’s long-standing structural problems. In addition to responding to the immediate crisis issues, the government must start addressing medium-term challenges and seizing reform opportunities. We discuss the existing recovery policies, including the vaccination strategy and the omnibus law on job creation. We argue that the omnibus law alone is necessary but will not be enough to improve the investment climate and create jobs for economy recovery and long-term structural transformation.

Covid-19引发的最严重的经济危机似乎在印尼之后，到2020年下半年经济萎缩有所减轻。虽然与其他国家的经济衰退相比，印尼的经济衰退已经不算太大，但印尼应对这种大流行病的方式一直缺乏。大流行已经快一年了，随着每天报告的新病例数持续增加，该国仍在第一波感染中挣扎。面对对政府应对大流行病的批评，总统约科·维多多（Joko Widodo）于2020年底对内阁进行了改组。本次调查研究了印度尼西亚为应对大流行病复苏所做出的比预期更长的计划。我们看到，劳动力市场的大部分正在通过转移到农业部门来适应广泛的就业损失。我们还看到非正规就业人数增加，导致失业率低于预期。我们认为，大流行加剧了印度尼西亚长期存在的结构性问题。除了应对眼前的危机问题，政府还必须开始应对中期挑战并抓住改革机遇。我们讨论了现有的恢复政策，包括疫苗接种策略和有关创造就业机会的综合法律。我们认为，仅综合性法律是必要的，但不足以改善投资环境并为经济复苏和长期结构转型创造就业机会。除了应对眼前的危机问题，政府还必须开始应对中期挑战并抓住改革机遇。我们讨论了现有的恢复政策，包括疫苗接种策略和有关创造就业机会的综合法律。我们认为，仅综合性法律是必要的，但不足以改善投资环境并为经济复苏和长期结构转型创造就业机会。除了应对眼前的危机问题，政府还必须开始应对中期挑战并抓住改革机遇。我们讨论了现有的恢复政策，包括疫苗接种策略和有关创造就业机会的综合法律。我们认为，仅综合性法律是必要的，但不足以改善投资环境并为经济复苏和长期结构转型创造就业机会。