Strategy of the Ministry of Economic Coordinator in the National Economic Recovery Effort During the Covid-19 pandemic

Abstract

Global inflation due to rising food and energy prices and supply-demand imbalances. This has become the world's concern, especially Indonesia, in formulating policy strategies when the conditions before and after the Covid-19 pandemic affected the national economy and threatened non-military defense. The problems studied aim to determine National Economic Conditions Before & After the Covid-19 Pandemic and the Strategy of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia in efforts to Restore the National Economy. This research uses a qualitative descriptive method with miles and huberman qualitative analysis techniques. The research results show that economic conditions at the time of the 2020 pandemic showed a significant decline due to the cessation of various economic activities as a result of the COVID19 pandemic. National Economic Conditions After the Covid-19 Pandemic that started in 2022, the global economy is showing recovery from the impact of the COVID-19 pandemic even though it was temporarily halted by the Omicron wave. This recovery is in line with the increasing implementation of global vaccinations, the increasing capacity of the health service system, and the opening up of economic activities in various countries. The results of the research and conclusions show that the National Economic Recovery Strategy is carried out through aspects (Ends), namely the long-term goal of the National Economic Recovery Strategy is to maintain price stability and increase food security to support people's purchasing power and national economic recovery, as well as increase Labor Absorption, In Aspects (Ways), namely the ways taken to achieve the long-term National Economic Recovery Strategy, namely Easing Community Mobility in line with Covid-19 control which leads to controlled Covid cases through the PPKM Policy and Setting travel requirements policies, Fiscal Policy as a Shock Absorber, etc. In Aspects (Means), namely the means used to achieve the long-term National Economic Recovery Strategy, namely: APBN as a Shock Absorber

Post-Pandemic Economic Recovery in the U.S.: A Review: Delving Into the Efficacy of Recovery Strategies and Policies

“…The study outlines the long-term goals of the National Economic Recovery Strategy, including maintaining price stability, increasing food security, and enhancing labor absorption. The findings underscore the importance of coordinated policy efforts, including fiscal policy as a shock absorber and easing community mobility, in restoring national economies (Haryatie et al, 2023). comparative analysis provides valuable insights into the effectiveness of various recovery strategies and the need for preparedness for future recessions (Kolluru et al, 2021).…”

“…Haryatie, Sutrasna, and Hermanto examine the strategies of the Ministry of Economic Coordinator in Indonesia for national economic recovery during the COVID-19 pandemic (Haryatie et al, 2023). Their research, using a qualitative descriptive method, reveals significant economic declines during the pandemic and the subsequent recovery efforts.…”

Turbulent Events Effects: Socioeconomic Changes in Southern Poland as Captured by the LSED Index

“…This was mostly due to various restrictions on economic freedom and travel [71,72]. The restrictions were intended to control the spread of the virus, but they also hurt the economy [73] and society [74]. They drove changes in socioeconomic policy priorities [75].…”