Open AccessUnderstanding review of economic loss due to government policy respond to the COVID-19 disruption in Indonesia
Author(s) -
Muhammad Sholahuddin,
Sardjana Orba Manullang,
Dyana Sari
Publication year - 2021
Publication title -
international journal of business, economics and management
Language(s) - English
Resource type - Journals
ISSN - 2632-9476
DOI - 10.31295/ijbem.v4n1.1479
Subject(s) - pandemic , covid-19 , government (linguistics) , economic recovery , unemployment , economic impact analysis , scarcity , goods and services , business , economics , development economics , economic stability , economic policy , economic growth , economy , market economy , macroeconomics , medicine , linguistics , philosophy , disease , pathology , infectious disease (medical specialty) , microeconomics
The emergence of the Coronavirus (COVID-19) pandemic followed by its aftermath has left a disaster for various lives and business activities. The impact of COVID-19 on the economy is a consequence of the national policies of each country in reducing the number of suspected victims of the COVID-19 pandemic. This paper aimed to understand the scenario of economic disruption in Indonesia due to a pandemic, which includes various economic sectors, including the weakening of the money cycle, increasing unemployment, supply of goods, changes in consumer behavior, scarcity, economic growth, and policies, stability. In collecting data, this study first mapped the theoretical impact of the national economy from the emergence of a pandemic. Next, we reviewed other evidence relevant to mapping to understand the causes and how economic impacts occur. Finally, we get an understanding of how economic disruption is, the impact of COVID-19 and an explanation of the disruption caused by government policies to combat the spread of COVID-19. These findings are scientifically valid and reliable because they have answered research questions in accordance with the plan of this study.