| dc.description.abstract | Covid-19, the novel coronavirus, has brought the entire world to a halt. The
virus was first reported by several local health officials in Wuhan, Hubei
Province, China in late December 2019 (Zhu, et al., 2020). Although the
infection had spread to hundreds of individuals in Wuhan by early January
2020, with roughly 11 million people placed under quarantine, the first
diagnosis showed no evidence of such a disastrous impact on public life
(Woodward, 2020). As the number of afflicted patients increased over the
month, WHO declared the disease as a Public Health Emergency of
International Concern (PHEIC) on January 30, 2020 (Harchandani & Shome,
2021). By March 11, 2020, Covid-19 has been declared a pandemic (WHO,
2020). The pandemic’s harmful effects have been delineated in all aspects of
life, and have had economic, political, social, and psychological ramifications
(Bretas & Alon, 2020); (Ratten, 2020); (Sigala, 2020). Many economists
regard the epidemic as a metaphorical “black swan” event, that is, unexpected,
the unanticipated occurrence of immense magnitude and severe repercussions
that profoundly transform the political and economic landscape (Winston,
2020) (Gregurec, Furjan, & Pupek, 2021), which caused business failures
(Kuckertz, et al., 2020); (Amoah, Khan, & Wood, 2021). Following the global
situation, Indonesia is also dealing with the same issue, with the Covid-19
pandemic influencing Indonesia’s economic activities and business sectors.
The decline in growth trends in 2020 and 2021 in the effects of the Covid-19
pandemic can also be seen in the textile and garment industry sector in
Indonesia as quoted from data industry research compiled from the Badan
Pusat Statistik (BPS) and Bank Indonesia (BI). | en_US |
