PANDEMI, REDUCING PURCHASE POWER, AND A WEAK ECONOMY

Abstract

The outbreak of the Covid-19 pandemic over the last two years has had a major impact on the entire world community. The Covid-19 pandemic has brought major changes in all aspects of human life. One aspect that was hit the hardest was the economic sector. It is undeniable that the Covid-19 pandemic has devastated the economic sector. Both from a micro and macro perspective. The impact was extraordinary. From the micro side, for example, many companies have suffered losses, went bankrupt, and many have even closed. As a result, many employees were laid off from their jobs. From a macro perspective, when the Covid-19 pandemic broke out, there were many social restrictions. The economic life of the people is not running normally. Prior to the pandemic, people were free to carry out their economic activities, but now they are restricted, resulting in a break in the supply chain of goods and services that rotate during normal conditions.