• ISSN: 2155-7950
  • Journal of Business and Economics

The Impact of the COVID-19 Pandemic on Macroeconomic Resilience and Solution Steps

Untung Lasiyono
(Faculty of Economics and Business, University of PGRI ADI BUANA Surabaya, Indonesia)

Abstract: This article describes the impact of the COVID-19 pandemic on macroeconomic resilience and steps to solve it in Indonesia. The fact that is the problem is that this pandemic causes a threat to human life, so the Indonesian government makes policies so that human lives that are at risk can be saved. However, with this government policy there is an impact, namely the existence of restrictions on human activities including work activities, so that the absence of human work will result in loss of income and the effect of weakening the macro economy in Indonesia.

The economies affected by the pandemic were rising inflation, weakening trade balance, weakening interest rates, decreasing foreign exchange, increasing unemployment. Seeing the weakening of the economy, steps that need to be taken are improving the community-based economic system, empowering micro, small and medium enterprises, empowering cooperative business entities, optimizing the use of natural resources and mastering information technology in the economic system, micro, small and medium enterprises and cooperatives.

Key words: Covid-19, macroeconomic resilience

JEL codes: D

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