Continuum Research: Most Indonesian Citizens Are Not Worried About Recession

Economics & Macro

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Cindy Mutia Annur 11/01/2023 18:30 WIB

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According to Continuum research, 95% of conversations on Indonesian social media indicate a lack of concern regarding a domestic recession.

Levels of Recession Concern in Indonesian Social Media Discussions (November 17-30, 2022)

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Levels of Recession Concern in Indonesian Social Media Discussions (November 17-30, 2022)

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The much-discussed issue of recession since last year has worried some segments of the global population. However, research firm Continuum found a different situation in Indonesia.

Based on social media conversation data collected by Continuum from October 17 to November 30, 2022, 95% of respondents stated they were not worried about a domestic recession, while only 5% expressed concern.

According to Continuum, social media conversations expressing concern about a recession were related to price increases/inflation, food crises, layoffs (PHK), job-seeking difficulties, and the potential increase in crime.

"These factors of concern are commonly associated with economic recession. In cases of recession, a stagflation cycle generally occurs, where there is no economic growth but inflation persists," Continuum stated in its report.

"This condition will spread to various other aspects, including the job market, forcing businesses to conduct layoffs for cost efficiency," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Continuum Research: Most Indonesian Citizens Are Not Worried About Recession

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