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Estimating the Impact of COVID-19 on Poverty in Indonesia

Al Izzati, Ridho - ; Suryadarma, Daniel - ; Surhayadi, Asep - ;

Covid-19 has infected and will continue to infect millions of people all over the world. The economic impact is predicted to be large and millions of people will be pushed into poverty. In this paper, we estimate the impact of Covid-19 on poverty in Indonesia. The economic impact is expected to be severe, reducing the economic growth rate projected for 2020 from about 5% to between 4.2% and –3.5%. We find that under the best-case scenario, the poverty rate will increase from 9.2% in September 2019 to 9.7% by the end of 2020, pushing 1.3 million more people into poverty. Under the worst-case scenario, the poverty rate will increase to 16.6%, close to the level seen in 2004 when the poverty rate was 16.7%. This means that 19.7 million more people will become poor, substantially reversing Indonesia’s progress in reducing poverty. The implication is that Indonesia will need to expand its social protection programs to assist the new poor as well as the existing poor.


Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir (Majalah)1
PenerbitJakarta: Centre for Strategic and International Studies 2020
EdisiVol 56, No. 2, 2020
SubjekIndonesia
Poverty
Covid-19
ISBN/ISSN1472-7234
KlasifikasiNONE
Deskripsi Fisik265 p.
Info Detail SpesifikBulletin of Indonesian Economic Studies
Other Version/RelatedTidak tersedia versi lain
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  • Estimating the Impact of COVID-19 on Poverty in Indonesia

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