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“The federal government performs an important function in engineering financial restoration and regrowth,” he said throughout a digital dialogue on ‘Productiveness 2022: Rebound and Regrowth,’ which was moderated by president director of Indonesia’s ANTARA Information Company, Meidyatama Suryodiningrat, right here on Tuesday.
Stimulus packages are necessary, however structural reforms are extra essential, strategic, and spectacular, based on Kuong.
Therefore, he really useful the technique method comprising survival, synergy, and sustainability.
“We can not stand alone, we have to work in synergy,” he pressured.
Furthermore, the federal government ought to shift from a strengths, weaknesses, alternatives, and threats (SWOT) evaluation to threats, weaknesses, alternatives, and strengths (TWOS) evaluation to get better from the pandemic, Kuong mentioned.
All international locations also needs to embrace the digital revolution, construct authorities 4.0, and deepen home, regional, and world integration, he added.
“For instance, in ASEAN, I want to say that the cooperation between ASEAN international locations and China and India will profit extra financial restoration and so they can regrow two to 3 %,” he famous.
As well as, fostering innovation and financial transformation are essential and pressing coverage priorities for all international locations, he identified.
Kuong additionally talked about some challenges that international locations around the globe are dealing with, equivalent to unpredictability resulting from danger of COVID-19 outbreaks attributable to new variants, coverage uncertainty by way of zero COVID versus dwelling with COVID coverage, worldwide cooperation, and geopolitical tensions.
Lack of enterprise exercise, effectivity, and synergy, together with journey restrictions or strict COVID-19 protocols; world worth chain disruptions (manufacturing and transport); and world, regional, and home disintegration are amongst another challenges that he listed.
He additionally included inflation attributable to healthcare prices, value of manufacturing and transport, local weather change, and power transition within the listing.
“The challenges are extreme however operational,” he remarked.
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