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on nature. For example, in 2018 Indonesia's president issued a three-year moratorium on clearing primary forests and peatlands for land-use activities such as palm oil plantations and logging, and this was made permanent in 2019. The moratorium is forecast to reduce Indonesia's economic growth and negatively affect other macroeconomic indicators such as gross national expenditure (GNE) and welfare. Sumatra, Indonesia's largest palm oil-producing region, is expected to be worst affected, with a predicted -2% deviation

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