MSME is one of the sectors affected by the recession. However, because of their smaller size, this type of company is more resilient than large companies in the event of a crisis. Therefore, financial support is required to sustain production activities.
What to do when Indonesia is in recession, if Indonesia is in recession?
In fact, Indonesia is on the list of 15 countries at risk of recession. However, according to Bloomberg research, Indonesia faces a relatively low recession risk of just 3%. So how do you manage your personal finances to withstand the shock of a recession?Â
Here's what you can do
don't waste
Reset expense items
Debt exemption
Start setting up your emergency fund
Insurance preparation
Increase your income
Investments and savings