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Millions of sidelined motorcycle taxi drivers in Indonesia are bracing for a long recovery as the country’s coronavirus outbreak shows no signs of abating.
The taxis — known locally as “ojek” — are a fixture in congested Indonesian cities where transport infrastructure is limited and gridlock is among the worst in the world. They’re also the inspiration for Indonesia’s most valuable startup, the ride-hailing and food-delivery appGojek.
The ojek drivers are a bellwether for Southeast Asia’s largest economy, as they facilitate consumer spending and business activity. Roughly 40% of the country’s estimated 5 million ojek drivers have lost their jobs in the pandemic. President Joko Widodo has been hard-pressed to tameunemployment and pull the economy out ofrecession, while keeping a lid on Covid cases that have topped 700,000.
168,817 in U.S.Most new cases today
+11% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-0.7994 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
3.7% Global GDP Tracker (annualized), Nov.