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Original Research

THE IMPACT OF ECONOMIC ON THE LATES COVID 19: ISSUE POLICY RECOMENDATION AND SCIENTIFIC

SRI MARTI PRAMUDENA 1, and AHMAD BADAWI SALUY 2.

Vol 18, No 02 ( 2023 )   |  DOI: 10.17605/OSF.IO/RS4E2   |   Author Affiliation: Department of Management University of Mercubuana Indonesia 1,2.   |   Licensing: CC 4.0   |   Pg no: 1639-1657   |   Published on: 27-02-2023

Abstract

The international health organization, namely the World Health Organization, states that Coronaviruses (Cov) can infect the respiratory tract in humans. The virus has the scientific name COVI-19.COVID19 can have effects ranging from mild flu to very serious ones equivalent to or even more severe than MERSCoV and SARSCoV (Kirigia & Muthuri, 2020). Bad for the world Economy Including Indonesia, especially in terms of tourism, trade and investment. as well as export and import, tax revenues from the trade sector The G20 meeting was held to discuss COVID-19, namely on 22-23 February 2020 in Saudi Arabia. The members of the G20 that have been implemented consist of several countries, namely Indonesia, Argentina, Australia, Brazil, the United States, China, France, Germany, India, the European Union, Saudi Arabia, Britain, Mexico, Russia, South Korea, South Africa, Italy, Turkey, Japan and Canada. The COVID-19 pandemic has become the focus of discussion at the G20 meeting, the countries that are members of the organization convey empathy to countries and their residents affected by COVID19 (Spagnuolo et al, 2020). As of April 10, 2020, 12:43 GMT, the number of positive COVID19 patients worldwide has reached 1,621,713, with 97,183 deaths and 366,239 recoveries1. In Indonesia, the total number of positive COVID19 cases was 3,512, with 306 deaths and 282recoveries. Data as of April 10, 2020, 19.56 PM, the percentage of deaths that occurred in Indonesia (8.71%) was greater than the percentage of deaths that occurred in the world (5.99%). This high percentage gave birth to a lot of anxiety among the people. The economy grew only 2.3% from 5.4% previously. Even reached -0.4 %. The Ministry of Manpower (Kemenaker) noted that as of April 7, 2020, there were more than 1.4 million workers throughout Indonesia who were directly affected by the COVID-19 or corona outbreak. Through the Ministry of Finance has carried out various stimulus to maintain the condition of the Indonesian economy 6. The government has issued Stimulus stage 1 to stage 3. In Stimulus stage 3, the government increased the Total Additional Spending and Financing of the 2020 State Budget for Handling the Impact of Covid- 19 by Rp405.1 Trillion. At the end of the third quarter, the Covid-19 pandemic is still a global challenge especially with the spread of the Delta variant, but global conditions are starting to show good developments. On the domestic side, Indonesia has passed the peak of the second wave of the pandemic. This development is in line with the government's policies for handling the pandemic, such as the implementation of Emergency PPKM followed by PPKM levels 4 and 3 in various regions, adding health facilities, increasing testing, and accelerating vaccinations so that Covid-19 cases can be reduced to 3 thousand cases per day. Lower than the level before the second wave.


Keywords

Covit-19, Economic Growth, Government Policy, Policy Solutions