The Impact of Covid-19 on The Sectoral Economy in Indonesia
Abstract
Covid-19 caused a contractionary economic condition, therefore the policies adopted by the government to restore the economy were expansionary fiscal and monetary policies to increase public consumption to stimulate economic activity. The economic sector that grew the highest during the Covid-19 period was the Human Health and Social Activities sector, the Information and Communication sector, the Water Supply sector; Sewerage, Waste Management and Remediation sector, Financial and Insurance Activities sector, Real Estate Activities sector, Education sector, and Agriculture, Forestry, and Fishing sector. While the economic sectors most affected by Covid-19 are the Transportation and Storage sector, the Accommodation and Food Service Activities sector, the Business Activities sector, the Transportation and Storage sector, the Business Activities sector, and Other Services Activities sector. While the economic sectors that recovered quickly due to the implementation of economic recovery policies were the Mining and Quarrying sector, the Manufacturing sector, the Electricity and Gas sector, the Wholesale and Retail Trade sector; Repair of Motor Vehicles and Motorcycles sector.Keywords: economic crisis, Covid-19, economic growth, sectoral growth, government policy.
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References
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