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Recovery Challenges

The COVID-19 pandemic has not only caused changes in the health sector and economy, but also in the social and political climate and the habits of people.

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A PRASETYANTOKO
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Kompas/Heru Sri Kumoro

A Prasetyantoko

The post-pandemic economy will not be the same, according to Klaus Schwab, the founder of the World Economic Forum in his book, COVID-19: The Great Reset, which was published last year. The COVID-19 pandemic has not only caused changes in the health sector and economy, but also in the social and political climate and the habits of people.

After a year of facing the COVID-19 pandemic, the Indonesian economy has begun to show signs of recovery, although it is not yet optimal. In the fourth quarter of 2020, the economy suffered a 2.19 percent contraction on an annual basis. Even though it is still in the negative zone, economic growth has improved from the third quarter of 2020 which saw a contraction of 3.49 percent, and from the second quarter of 2020, which was a 5.32 percent contraction.

Editor:
Syahnan Rangkuti
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