Jokowi’s Statement Regarding the Global Economic Crisis: Must Be Prepared


The President of Indonesia, Joko Widodo, delivered his statement regarding the global economic crisis. According to him, the world is in a difficult situation due to various uncertainties and this is all still early. Therefore, Indonesia must prepare itself.

This statement was made by Jokowi during a briefing at the opening of the 2022 National Coordination Meeting (Rakornas) for Government Internal Control at the State Palace, the Presidential Palace complex, Jakarta.

“I have said many times that the current situation is not an easy situation, a situation that is not easy because of global uncertainty,” said Jokowi, Wednesday (14/6/2022).

According to him, various international situations that have occurred recently have caused instability in the world economy. Currently, the world is threatened by an energy crisis and a food crisis. This threat certainly haunts Indonesia as well.

“And so far, this is just the beginning. Therefore, we all have to prepare ourselves (regarding the global economic crisis),” said Jokowi.

Moreover, Indonesia must be careful with the threat of an energy crisis. This is because most of Indonesia’s energy needs are imported products.

Therefore, Indonesia must be prepared to face various threats from the global crisis by making careful preparations.

“We are a big country, food also needs big food, big energy also needs for vehicles, industry, households, and others,” he said.

“The threat of a food crisis can also be an opportunity because our land is large, many of which have not been utilized, many of which have not been productive,” he said.

Previously, The bad news came from two big countries. The United States is battling inflation, while Shanghai is in lockdown again due to Covid-19 which continues to increase.

In the United States (US), inflation in May 2022 reached 8.6% year-on-year (YoY). This is the highest record since 1981 or 41 years.

Energy prices make inflation rise. Inflation in the energy component was recorded at 34.6% YoY, the highest since 2005. The reason for this was the increase in gasoline, gas, and electricity prices.

If gasoline prices continue to be high, it is feared that consumption will decrease. As a result, oil prices are certainly affected.

Not only in the United States but consumption in China is also feared to decrease. After the euphoria of the lifting of the lockdown in Shanghai, it turned out that the good news did not last long. The Minhang District in Shanghai has again imposed a lockdown due to the increase in positive cases of Covid-19.

In the capital Beijing, the local government has also re-implemented strict rules. Entertainment venues in Beijing have closed again.

China still adheres to a zero-tolerance policy against Covid-19. As soon as there is a cluster of contagion, it immediately lockdown.