Economy in the New Normal
The COVID-19 pandemic has many stories about death, poverty and tears. The Indonesian economy has also been affected by it.
/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2020%2F05%2F06d0a563-fb21-463a-b35f-aa72ab23687c_jpg.jpg){kind=logo}
A visitor stops in front of a pharmacy in Summarecon Mal Bekasi, Bekasi City, West Java, on Thursday (28/5/2020). Summarecon Mal Bekasi, which belongs to the green zone, has been carrying out activities within the new normal framework by complying with health protocols such as wearing masks and maintaining physical distance.
The COVID-19 pandemic has many stories about death, poverty and tears. The Indonesian economy has also been affected by it.
Economic growth fell sharply from 4.97 percent in the fourth quarter of 2019 to 2.97 percent in the first quarter of 2020. In fact, from January to February, the coronavirus did not have a significant impact on our economy. The government announced the first COVID-19 case in Indonesia in early March 2020. This means that the impact of the epidemic, from the domestic side, should only hit our economy in March. If economic growth in the first quarter fell so sharply, it means that the economic situation in March was so bad that it pulled down economic growth in the first quarter.