STABILIZING GLOBAL ECONOMIC SITUATION

Photo: Ilustration, source: Portonews.com

By TW Deora

Recently, we have unhappy news about global economic trajectory in 2021. Several economic pundits and economic ratings institute such as Bloomberg, Moody’s, IMF, World Bank, OECD and others have been predicted that global economic situations still murky and void as the results of unknown ended outbreak pandemic Covid-19.

Vaccine global support does not enough to overcome seriously and strategically threats such as Covid-19. Compete and power struggle among countries have made vaccine global supply has been interupting and showing global arrogance and global sentiment from one country to another just only be first party to have vaccine. United Nations and WHO do not play a significant role to handle three problems.

Meanwhile, neither vaccine supply nor health substantive efforts, global economic situations can go to the worst step. Several countries have gone to economic deflation situation. Those situations has reflected economic global contractions. Without conducive cooperations among many countries amids unfinished Covid 19 outbreak, we will go deep global recessions.

If global economic recessions be occur, global security undersiege by several serious threats from terror cells attacks around the world, political unstability in several countries which it nakes local coup to current government, traditional and trans national criminal acts have rised in many countries and others.

Indonesia’s government has anticipated and had exit strategy to anticipate global economics recession potential itu if we read it on several open sources information. But we must beware of the potential global economic derail in the next Times through national cooperation among government and private sectors. And we must stop to make moist situations and unproductive discours related to our national situation both political and economic situations because it could brother our focus. Hopefully.

*) The writer is national economic observer. Lifes in Cilangkap, East Jakarta.

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