Impact Of The Covid-19 Pandemic On The Indonesian Economy
DOI:
https://doi.org/10.51601/ijersc.v2i5.154Keywords:
Commerce; COVID-19 pandemic; economy of Indonesia; investment; tourismAbstract
This study aims to determine the impact of the COVID-19 pandemic on the
Indonesian economy. Until this research was written, 93 countries were found
infected with COVID-19. The spread of the COVID19 pandemic eventually brought
very bad risks to the world economy, including Indonesia, especially in terms of
tourism, trade, and investment. The method used in this research is a descriptive
quantitative method using a secondary data analysis approach. Based on the results
of the study, the impact of the COVID-19 pandemic caused low investor sentiment
towards the market, which in turn led the market to tend to be negative. Strategic
steps related to fiscal and monetary are needed to provide economic stimulation. As
the COVID-19 pandemic case developed, the market fluctuated more in a negative
direction. Not only that, the slow pace of the global economy, especially Indonesian
export activities to China also has a significant impact on the Indonesian economy.
This is based on a sensitivity analysis that explains that the current slowdown in the
global economy has greatly impacted Indonesia's economic growth.
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