Indonesia: Economy Shrinks For First Time Since 1999

Eurasia Review

Published

By Ronna Nirmala

Indonesia’s economy shrank during the second quarter – the first time in more than 20 years – officials said Wednesday as travel restrictions to curb the spread of COVID-19 dealt a blow to Southeast Asia’s largest economy.

The country’s gross domestic product contracted 5.32 percent year-on-year,...

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