International Journal of Multidisciplinary Research of Higher Education (IJMURHICA)
Vol 7 No 2 (2024): (April) Theme Social Science, Education, Economic and Technology

Analysis of Economic Growth During the Crisis in Indonesia

Rahma, Taufiqah (Unknown)
Azhar, Zul (Unknown)



Article Info

Publish Date
28 Apr 2024

Abstract

The COVID-19 pandemic has had a broad and profound impact on various sectors of life, including the economy. This research aims to analyze how economic growth affects the open unemployment rate, consumption, and investment in Indonesia during the COVID-19 pandemic. Secondary data from official sources, such as the Central Statistics Agency, Bank Indonesia, and Food and Agriculture Organization reports, were analyzed using a quantitative approach. The regression method was applied to identify the relationship between economic growth, unemployment rate, consumption, and investment before and during the pandemic. The research results indicate that the decline in economic growth during the pandemic significantly impacted the increase in the open unemployment rate, the decrease in household consumption, and the reduction in investment levels. These findings emphasize the need for policies that are more responsive and focused on economic recovery, particularly in creating jobs, increasing people's purchasing power, and encouraging sustainable investment. It is hoped that the implications of this research will provide guidance for policymakers in designing more effective post-pandemic economic recovery strategies.

Copyrights © 2024






Journal Info

Abbrev

ijmurhica

Publisher

Subject

Economics, Econometrics & Finance Education Engineering Languange, Linguistic, Communication & Media Social Sciences

Description

An objective of the International Journal of Multidisciplinary Research of Higher Education is to promote the wide dissemination of the results of systematic scholarly inquiries into the broad field of multidiscipline research. This journal is intended to be the journal for publishing articles ...