The COVID-19's Economic Crisis and Its Solutions: A Literature Review

Andi Irawan, Halim Alamsyah


The pandemic of COVID-19 predicts can create a global economic crisis include Indonesia. This paper aimed to answer the first question: how the transmission process from a pandemic became an economic crisis; Second, what macroeconomic policies should take to recover the economic crisis of the COVID-19 pandemic; third, what non-economic measures must consider confirming the macroeconomic policies achieved its target. Using 32 references in the literature review process, we tried to find out the answers to this study's questions.  This study recommended that the measures for containment of the virus spread and the execution of fiscal and monetary stimulus should be coordinate internationally among countries and territories.

JEL Classification: E60, E66

How to Cite:

Irawan, A., & Alamsyah, H. (2021). The Covid-19’s Economic Crisis and Its Solution: A Literature Review. Etikonomi, 20(1), 77 – 92.


pandemic; covid-19; economic crisis; macroeconomic policy

Full Text:



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