Racing Against Pandemic
Fears that Indonesia will fall into recession in the third quarter of 2020 have triggered "panic" in deciding economic policies. A number of policies have been launched to cope with extraordinary conditions.
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Enny Sri Hartati
Fears that Indonesia will fall into recession in the third quarter of 2020 have triggered "panic" in deciding economic policies. A number of policies have been launched to cope with extraordinary conditions.
To mitigate the effects of the devastating pandemic, extraordinary policies and measures are needed. However, whatever the policy, it must still be measurable and effective in solving problems. The most crucial problem as a result of the pandemic is the disruption of the people’s economic activities. As a consequence, economic growth falls and unemployment increases, causing a decline in the people’s purchasing power. This phenomenon has hit almost all countries, eventually bringing them to the brink of recession. Actually, a recession in the middle of a pandemic is normal, so no excessive policies are needed.