International Journal of Social Science
Vol. 1 No. 4: December 2021

THE IMPACT OF THE COVID-19 PANDEMIC AND THE EFFORT OF MSME RESURRECTION IN INDONESIA

Edy Prayitno (STMIK AKAKOM Yogyakarta, Indonesia)
Nerys Lourensius Tarigan (STIE IEUpaweda, Yogyakarta, Indonesia)
Wahyu Eka Priana Sukmawaty (AKS AKK, Yogyakarta, Indonesia)
Uyuunul Mauidzoh (ITDA Yogyakarta, Indonesia)
Deborah Kurniawati (STMIK AKAKOM Yogyakarta, Indonesia)

Article Info

Publish Date
24 Jan 2022

Abstract

The COVID-19 pandemic has had a negative impact on the global economy, including Indonesia. The main victims of the COVID-19 outbreak are micro, small and medium enterprises (MSMEs). This article aims to examine the impact of the Covid-19 pandemic on MSMEs and provide recommendations that can be done to reduce business losses, survive the crisis and accelerate recovery. MSMEs were negatively affected by the Covid-19 pandemic in terms of sales, income, profits, and cash flow of business owners. MSME actors must adapt by reducing production, and reducing the number/hour of employees. More than that, product quality improvement and market expansion are important things to do. The majority of MSMEs (82.9%) in Indonesia have been negatively affected by this pandemic. Various policy recommendations were put forward to reduce the bad impact of the outbreak on MSMEs.

Copyrights © 2021




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Journal Info
International Journal of Social Science
Website

Abbrev

IJSS

Publisher

bajang Institute

Subject

Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Medicine & Pharmacology Public Health Social Sciences Other

Description

"IJSS” for International Journal of Sosial Science, published by Bajang Instiute. Published in two formats, printed version of ISSN:2798-3463 and the online version of ISSN:2798-4079, both of which are published six times in one year. The scope of the journal studies broadly includes: Culture (a ...