RESHAPING THE GLOBAL ECONOMY: 5 KEY FACTORS

---Panelists---
+ Kishore Mahbubani, Distinguished Fellow, NUS (Singapore)
+ Gita Wirjawan, Founder Ancora Capital
+ Ali Setiawan, Head Of Global Markets PT Bank HSBC Indonesia
---Moderator---
+ Shoeb Kagda, Founder, Indonesia Economic Forum

---Synopsis---
With the severe disruption to the global economy brought about by Covid-19 and the ongoing trade war between the US and China, the three distinguished panelists key provided insights on the outlook for 2021.

Prof. Kishore Mahbubani, Distinguished Fellow, NUS (Singapore) noted that the ongoing economic and political standoff between the world’s two largest economies will continue to color the geopolitical landscape in 2021. China’s economy is already on the road to recovery and that bodes well for Southeast Asia.

Gita Wirjawan, Founder Ancora Capital added that Indonesia, with its stable geopolitical outlook, the new Omnibus Law on Job Creation and the positive impact of RCEP, will enjoy more FDIs and economic growth in coming years.

Ali Setiawan, Head Of Global Markets PT Bank HSBC Indonesia added that the Indonesian government needs to stay proactive and consistent in terms of implementing policies and incentives to boost economic recovery in 2021. In fact, Indonesia was still among the most attractive markets in ASEAN in 2020, attracting strong foreign capital flows in the first half of the year.

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