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 The Condition of the Indonesian Economy During the covid-19 Pandemic

When the government is trying to optimize the condition of the Indonesian economy, the Covid-19 pandemic comes with all its negative effects. As we know now, the impact of this pandemic is very influential in all aspects, especially on health and economic conditions

Based on data from the worldometer site as of 5 May 2020, positive sufferers of the Corona virus in the world have reached 3.669 million with 253,183 dead and 1,210 million recovering. The highest number of sufferers is in the United States, Spain, Italy, England and France. While the highest number of deaths in a row were the United States, Italy, Britain, Spain and France. Although the number of people recovering has increased more than those who died, the trend of the number of sufferers and those who died has not shown a decline. Likewise in Indonesia.

Quoted from KOMPAS.com, based on growth from year to year, the source of Indonesia's economic growth in the first quarter 2020 in the information and communication sector was 0.53 percent. This is quite understandable considering that with the advice of the government to "just at home" then many people carry out work, entertainment and education through information technology.
Along with this, the volume of PLN electricity sales to households also automatically increases. Based on a release from the Central Statistics Agency, the number of foreign tourists coming to Indonesia in Quarter 1 2020 also dropped dramatically by only 2.61 million visits, a decrease of 34.9 percent compared to last year.

This is in line with the inter-country flight ban, which took effect in mid-February. The number of rail and air transport passengers also grew negatively in line with the implementation of the PSBB.
This fiscal stimulus is expected to contribute to Indonesia's economic growth in 2020 of 3.24 percent. Fiscal stimulus has also been followed by monetary stimulus provided by Bank Indonesia by reducing the benchmark interest rate and easing the Statutory Reserves (GWM).
The decline in the benchmark interest rate is expected to be followed by a decrease in market interest rates so as to encourage investment and economic growth. The Covid-19 pandemic has also given a new nuance to the world supply chain.

Sources of world supply which was previously controlled by approximately 20 percent by the Chinese state, has shifted to several other countries because of this pandemic. Of course to be able to win the cake in the global supply chain, Indonesia must improve itself to be more attractive to investors.

This corona pandemic is indeed a tough test for all nations, testing the ability of all nations to be able to take wisdom by continuing to struggle and try to find solutions to every problem that exists. As a large nation, Indonesia must be able to overcome all existing problems. This is proven by Indonesia being ready with all possibilities.