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Post Pandemic in Indonesia: Economic Development Challenges and Policy Recommendations for Indonesia

In: Proceedings of the 1st Bengkulu International Conference on Economics, Management, Business and Accounting (BICEMBA 2023)

Author

Listed:
  • Freesca Syafitri

    (Universitas Pembangunan Nasional Veteran Jakarta, Faculty of Economics and Business)

  • Raden Parianom

    (Universitas Pembangunan Nasional Veteran Jakarta, Faculty of Economics and Business)

  • Desmintari Desmintari

    (Universitas Pembangunan Nasional Veteran Jakarta, Faculty of Economics and Business)

Abstract

This study aims to analyze the challenges and policy recommendations in post-Covid-19 pandemic economic development in Indonesia. The Online Research Method approach collects relevant data from Internet sources with relevant keywords. These data were analyzed using the Nvivo 12 Plus tool with a case classification and thematic analysis unit. The research results identified several key challenges, including a decline in economic activity, increased unemployment, and global economic uncertainty. Other challenges include the need for health sector resilience, changes in consumption patterns, recovery of the tourism sector, and digital transformation. Economic diversification, prudent management of fiscal and monetary policies, and control of social inequality are also essential factors in economic recovery. Based on these findings, policy recommendations are directed towards sustainable economic recovery by focusing on potential sectors such as technology and renewable energy. Investments in health infrastructure, digital transformation and job market development are essential to supporting an inclusive economic recovery. This research guides stakeholders in formulating strategic steps to rebuild Indonesia’s economy strong and sustainable after the Covid-19 pandemic.

Suggested Citation

  • Freesca Syafitri & Raden Parianom & Desmintari Desmintari, 2023. "Post Pandemic in Indonesia: Economic Development Challenges and Policy Recommendations for Indonesia," Advances in Economics, Business and Management Research, in: Roosemarina Anggraini Rambe & Lizar Alfansi & Robinson Robinson & Dewi Rahmayanti & Agustina Suparya (ed.), Proceedings of the 1st Bengkulu International Conference on Economics, Management, Business and Accounting (BICEMBA 2023), pages 25-31, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-328-3_4
    DOI: 10.2991/978-94-6463-328-3_4
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