Sabtu 03 Apr 2021 11:09 WIB

Three Game-Changers Against Indonesia's Economic Contraction

Cooperation program will help accelerate Indonesia's vaccination program and economic

Red: Karta Raharja Ucu
Social protection programs are provided to the poorest 40 percent of the population and vulnerable groups. (Capture: Ilustrations Rupiah and Dollar AS)
Foto: Republika/Prayogi
Social protection programs are provided to the poorest 40 percent of the population and vulnerable groups. (Capture: Ilustrations Rupiah and Dollar AS)

REPUBLIKA.CO.ID, By Elba Damhuri, Head of Republika.co.id

The world faces tough challenges when the Covid-19 pandemic hits various parts of human life, including the economy. Indonesia without exception has been severely affected by the economic impact of this corona pandemic.

The micro, small and medium enterprises (MSMEs/UMKM) sector was hit by the pandemic wave quite badly. There are around 30 million MSMEs that have been directly and indirectly affected by the Covid-19 pandemic.

The Indonesian Minister of Manpower Ida Fauziyah noted that 17.8 percent of companies made layoffs (PHK-pemutusan hubungan kerja) during the Covid-19 pandemic. As many as 25.6 percent of companies lay off workers, and 10 percent of companies do both.