The global economic crisis is a phenomenon that affects various aspects of people’s lives throughout the world. The impact was felt deeply, starting from increasing unemployment rates to decreasing people’s purchasing power. Various countries, including developing and developed countries, are experiencing serious challenges in dealing with these impacts. One of the worst impacts of this crisis is the increase in poverty rates. According to World Bank data, around 700 million people live in extreme conditions, and this figure has increased significantly with the economic crisis. Economic uncertainty causes investment to decline, which leads to the loss of many jobs. Sectors such as tourism, manufacturing and retail are greatly affected by this condition. On the other hand, economic instability also has an impact on people’s mental health. Anxiety, stress and depression increase with uncertainty about the future. This is very dangerous and requires special attention from governments and non-governmental organizations. The solutions needed to overcome the global economic crisis involve international collaboration and strategic action. First, there needs to be appropriate fiscal stimulus from the government to stimulate economic growth. This policy could take the form of reducing taxes or increasing public spending to create new jobs. Second, strengthening the MSME (Micro, Small and Medium Enterprises) sector is very important. MSMEs are the backbone of the economies of many countries. By providing access to financing and training, the government can help MSMEs to survive and develop even in the midst of a crisis. Third, innovation and technology adoption need to be encouraged. Digital transformation can open up new opportunities for job creation, especially in the post-pandemic era. The use of technology in the agricultural, health and education sectors can increase efficiency and productivity. Fourth, social protection must also be strengthened. Cash transfer and social security programs can help the most affected communities. This approach is important to maintain social and economic stability. Something that is no less important is international cooperation in dealing with crises. Countries must unite and find joint solutions so that economic recovery can occur more quickly. Through organizations such as the G20 or APEC, dialogue and cooperation can be created. With these various strategic steps, the potential for recovery from the global economic crisis can be increasingly opened. Economic stability and social welfare need to be a priority so that the effects of this crisis do not last long and future generations are not trapped in the same difficulties.
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