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Research Article

EEO. 2020; 19(4): 928-935


Impact of the covid-19 pandemic on Indonesia’s economy

Mohammad Jafar Hafsah.




Abstract

The spread and increase in the number of COVID-19 cases occurring at a very fast time will have an impact on the decline of the Indonesian economy. This study aims to determine the impact of the Covid-19 pandemic on the economy in Indonesia. The method used in this study is a systematic review in which many previous journals used descriptive qualitative analysis related to the economic impact in Indonesia caused by the COVID-19 pandemic. Based on the research results, this research shows that the policies made by the government in handling COVID-19 can indirectly lead to a decline in economic growth in Indonesia. The impact on the economic sector due to the COVID-19 pandemic in Indonesia includes layoffs, the occurrence of Indonesian Manufacturing, decreased imports, increased prices (inflation) as well as losses in the tourism sector which led to a decrease in occupancy. Strategic fiscal and monetary steps are needed to provide a stimulus package for those affected and the Indonesian government to be more alert in dealing with the decline in economic growth in Indonesia resulting from the COVID-19 pandemic.

Key words: COVID-19; economy; pandemic.






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