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Indonesian Government Policy in Mitigating Economic Risks due to the Impact of the Covid-19 Outbreak

Journal of Law and Legal Reform · Vol. 1 No. 4 (2020) · pp. 577–590

DOI
10.15294/jllr.v1i4.39539
ISSN
2715-0968, 2715-0941
Published
2020-07-31
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

Covid-19 pandemic have a negative impact on economies globally, including in Indonesia. The disease is advancing at great speed since the first Indonesian patient was referred to the hospital due to confirmed covid-19 (26 February 2020) until on 15 June 2019 there have been 50,187 patients infected. Several government policies have been implemented by regarding the economic sector as a main concern to prevent the breaking of the Indonesian economic chain. To anticipate, March 31, 2020 Indonesian President signed Government Regulation No. 21 of 2020, which regulates the implementation of PSBB (Large-Scale Social Restrictions), yet economic growth in the first quarter of 2020 showed a declining performance at 2.97 percent on 17 April 2020. Bank Indonesia views the level of the Rupiah exchange rate as fundamentally "undervalued". The objective of this paper is, therefore, to overview the negative impact of the covid-19 outbreak on the Indonesian economy and the policies implemented by the government to mitigate the economic risks. Moreover this article is a normative economic analysis on the basis of secondary data, this study found that Indonesia is facing up an economic domino effect of covid-19 and Bank of Indonesia (BI) has taken several steps by strengthens policy coordination with the government and other authorities to stabilize the rupiah exchange rate and mitigate the impact of Covid-19 risk on the domestic economy.

Collaboration network of the authors

21 authors · 46 co-authorship links

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Co-authorOrganisationJoint articles
Anugrah Muhtarom PratamaAffiliation unknown7
Kukuh TejomurtiAffiliation unknown4
Pujiyono PujiyonoAffiliation unknown3
Pranoto PranotoAffiliation unknown3
Itok Dwi KurniawanAffiliation unknown1
Dara Pustika SukmaAffiliation unknown1
Bambang SantosoAffiliation unknown1
Mohamad Hanapi Bin MohamadAffiliation unknown1
Heri IndrajatAffiliation unknown1
Mohamad Hanapi MohamadAffiliation unknown1
Rani HendrianaAffiliation unknown1
Lintang Ario PambudiAffiliation unknown1
Weda KupitaAffiliation unknown1
Setya WahyudiAffiliation unknown1
Nurani Ajeng Tri UtamiAffiliation unknown1
Tedi SudrajatAffiliation unknown1
Imtiyaz Wizni AufaAffiliation unknown1
Mellisa TowadiAffiliation unknown1
Anis H BajrektarevicAffiliation unknown1
Jamal WiwohoAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/jllr/oai, first harvested 6 Nov 2026, last seen 6 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Indonesian Government Policy in Mitigating Economic Risks due to the Impact of the Covid-19 Outbreak</dc:title>
	<dc:creator>Pati, Umi Khaerah</dc:creator>
	<dc:description xml:lang="en-US">Covid-19 pandemic have a negative impact on economies globally, including in Indonesia. The disease is advancing at great speed since the first Indonesian patient was referred to the hospital due to confirmed covid-19 (26 February 2020) until on 15 June 2019 there have been 50,187 patients infected. Several government policies have been implemented by regarding the economic sector as a main concern to prevent the breaking of the Indonesian economic chain. To anticipate, March 31, 2020 Indonesian President signed Government Regulation No. 21 of 2020, which regulates the implementation of PSBB (Large-Scale Social Restrictions), yet economic growth in the first quarter of 2020 showed a declining performance at 2.97 percent on 17 April 2020. Bank Indonesia views the level of the Rupiah exchange rate as fundamentally "undervalued". The objective of this paper is, therefore, to overview the negative impact of the covid-19 outbreak on the Indonesian economy and the policies implemented by the government to mitigate the economic risks. Moreover this article is a normative economic analysis on the basis of secondary data, this study found that Indonesia is facing up an economic domino effect of covid-19 and&amp;nbsp; Bank of Indonesia (BI) has taken several steps by strengthens policy coordination with the government and other authorities to stabilize the rupiah exchange rate and mitigate the impact of Covid-19 risk on the domestic economy.</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2020-07-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/jllr/article/view/39539</dc:identifier>
	<dc:identifier>10.15294/jllr.v1i4.39539</dc:identifier>
	<dc:source xml:lang="en-US">Journal of Law and Legal Reform; Vol 1 No 4 (2020): Globalization and Legal Reform: Recent Developments; 577-590</dc:source>
	<dc:source>2715-0968</dc:source>
	<dc:source>2715-0941</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/jllr/article/view/39539/16766</dc:relation>
</oai_dc:dc>