Changes and dynamics of the current global economic environment are very fast. That happened because of the spread of the coronavirus in various countries. The global economy which is driven by the movement of goods and people will be affected.
In addition, business slowed down and even stopped because investors and business people began to withdraw their money to be on guard and urgent preparations due to fears of lockdown and the spread of the coronavirus could last longer and the impact might also be greater due to the scale of the outbreak that has been globally infected.
Corona has caused a blow to companies engaged in the service sector, transportation to tourism. And it has a bad pinball effect for many countries especially those that depend on China because China is the biggest export market and also the biggest importer.
What the state can do is mitigate the risk of the coronavirus. Many people argue that the economy will recover, after an incubation period of two months, plus the repair process for the next four months. That way, then in six months the economy of a country is expected to slow down and is predicted to improve in the second half. The most important thing is the short-term economy to avoid chaos in society.