Pushing the economy to grow higher is a dilemma these days. On the one hand, if we encourage more consumption and production activities to grow the economy, this could imply more intensive community interaction and mobility that would be highly likely to lead to an increase in new COVID-19 cases. On the other hand, if we restrict community interaction and mobility to reduce the number of COVID-19 cases, this could pressure economic growth. Subsequently, lower economic growth could lead to higher unemployment, larger social spending for the poor and a larger fiscal deficit. A study by the office of the Bank Mandiri chief economist clearly indicates that economic growth is negatively associated with COVID-19 infections. Intuitively, we should reduce our mobility by staying at home to reduce the virus’ spread, which subsequently restrict the economic activities of consumption, d…
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