Which Businesses Gain, Which Businesses Lose in Unprecedented COVID-19 Crisis?
The novel coronavirus (COVID-19) outbreak has caused something extraordinary in Indonesia, and in the world; something we had not seen – in the case of Indonesia –since the Asian Financial Crisis in the late 1990s, namely: a sudden and dramatic drop in household consumption and business activity. Due to government policies, designed to prevent the spread of COVID-19 in the country and thereby safeguarding people’s health, the movement of people is heavily restricted, while companies in a wide range of sectors have had to close their doors (until further notice).