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EnglishNew Normal of the Economy

New Normal of the Economy

Looking at the various indicators, it would be difficult for the economic recovery to take place quickly (V-shape), rather it would take a longer time (U-shape).

· 5 minutes read

Long lines of KRL commuter train passengers are seen at Bogor Station, Bogor city, West Java, Monday (8/6/2020). A number of workers and economic actors from the Greater Bogor region began to leave for Jakarta because a number of offices and economic activities began to open during the Transitional Large-Scale Social Restriction (PSBB) in Jakarta.

Preparations for “new normal” continue in various aspects. Health Ministerial Decree No. HK.01.07/MENKES/328/2020 regulates health protocols in offices and industrial estates that must be followed by all parties. Finance Ministerial Decree No. 223/2020 regulates the implementation of flexibility at workplaces. Likewise, a circular was issued by the Administrative and Bureaucratic Reform Ministry concerning the work system of state institutions in the New Normal Order.

Companies like Twitter have announced that working from home is no longer temporary but permanent. The adoption of strict health protocols and new ways of working is only a symptom of more fundamental changes, namely starting from behavior changes to economic structures that include consumption, distribution and production.

Syahnan Rangkuti
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