The Covid-19 pandemic is a condition that has become a crisis in human life which greatly affects various aspects of daily life. The impact felt by this pandemic is not only in the health sector, but also in the economic, educational and socio-cultural sectors. This pandemic is a serious problem faced by all countries, as if the world is experiencing a massive decline.
And the impact will be felt in the future. During the pandemic, people could not carry out social interactions, regulations were implemented which made us all experience various social restrictions such as Lockdown and PPKM to prevent an increase in the number of Covid-19 sufferers. This also resulted in disruption of various activities and also had a significant impact on the economic sector. The economic condition of the Indonesian people during the Covid-19 pandemic is very worrying. Business losses happen everywhere. Most of the workers will experience layoffs so that they lose their jobs and become unemployed. There are many closures and losses in businesses that have just started, which has a huge impact on economic difficulties.
People who previously often visited hotels, tourist attractions, malls, cafes and other places now prefer to do all their activities online. The existence of restrictions on activities makes people try to fulfill their needs by buying them online. We can see this in the increasing use of online delivery services during the Covid-19 pandemic. The tourism and entertainment industry suddenly faded and did not operate as it should.
Communities that rely on the tourism sector will experience a significant economic crisis. How could it not be, so far tourism has been their mainstay in continuing their lives. With the decline in the tourism sector, they have to rack their brains in order to survive. They must really manage their financial condition/cash flow so they can survive through this crisis. Time cannot determine when this pandemic will end, so we cannot predict when the community's economy will recover. Some time continues to pass with various efforts to get out of the misery caused by this pandemic.
Little by little revival arises from the efforts made, so that currently it can be concluded that we are now in the Post-Covid 19 phase. Post-Covid 19 is a period or condition that is still in the shadows of a pandemic but focuses on recovery, adaptation and innovation. in every aspect of human life so that the resulting changes have a positive impact on every society. Public health aspects continue to be pursued so that the body becomes stronger and able to avoid this virus. Monitoring of the virus and administering vaccines appropriately continues to be pursued in every location. After the pandemic ended or after Covid-19, huge changes occurred in all aspects of people's lives, especially in the economic aspect.
The economic sector itself experienced very significant changes after Covid-19. Many new challenges and opportunities have emerged as a result of Covid-19 both domestically and abroad. Due to the many challenges that arise, we must adapt to these conditions. Adapting to changes in the economy means that we have to really innovate to be able to compete amidst global challenges. The global challenge that emerged after Covid-19 was the Economic Recession.
The economic recession caused the economies of many countries around the world to experience a significant decline over a long period of time. This economic recession was mostly experienced by developed countries such as the UK, China, Japan and the US. This can be caused by a number of factors, including the economic and financial crisis, changes in global demand, a decline in investment, and also the Covid-19 pandemic. During the global economic recession, economic activity experienced a very drastic decline. Production processes, investment, international trade and other business activities experience a decline, and of course this can result in a decrease in national income.
Another challenge is increasing business uncertainty. During the Covid-19 pandemic, many companies experienced a financial crisis, and some even became involved in a lot of debt. This is the basis for change in the post-Covid-19 era, adaptation must be rapid in order to operate with changes in consumer demand and behavior. Labor challenges are a very influential obstacle to the economic sector. Economic recovery requires the creation of new jobs in which there are workers who must be skilled and competent in their fields. Retraining and improvement
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