How Did Indonesian Micro, Small, and Medium Enterprises (MSMEs) Weather the COVID-19 Crisis?

Economics & Macro

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Yosepha Pusparisa 27/06/2020 12:30 WIB

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MSMEs were hard hit by the Covid-19 pandemic. Their resilience varied in the face of the crisis. Fortunately, more than half of the MSMEs in Jabodetabek were optimistic that their businesses would sur

Business Resilience Since the Start of the Pandemic (March 2020)

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How Did Indonesian Micro, Small, and Medium Enterprises (MSMEs) Weather the COVID-19 Crisis?

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Business Resilience Since the Start of the Pandemic (March 2020)

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Micro, Small, and Medium Enterprises (MSMEs) were also hit hard by the Covid-19 pandemic. However, more than half of the MSME actors in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) are optimistic that their businesses can survive beyond March 2021.

This is evident from a survey conducted by the Katadata Insight Center (KIC). As many as 62.6% are confident that their businesses can operate for more than a year since the March 2020 pandemic. Ironically, approximately 20% of MSMEs are still at risk of closing down before September.

KIC conducted the MSME survey for the Jabodetabek area. The survey, which reached 206 respondents, took place from June 8-15, 2020.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."