KONTAN.CO.ID - JAKARTA. Indonesia's economy contracted in the second quarter for the first time since 1999 as efforts to contain the coronavirus pandemic hit consumption and business activity, official data showed on Wednesday. Southeast Asia's largest economy shrank by a sharper-than-expected 5.32% in the April-June period from a year earlier, according to data from Statistics Indonesia, the weakest since first quarter of 1999. Baca Juga: Indonesia loan growth at record low in June, seen bottoming
Indonesia's Q2 GDP shrinks by 5.3% y/y, sharper than expected
KONTAN.CO.ID - JAKARTA. Indonesia's economy contracted in the second quarter for the first time since 1999 as efforts to contain the coronavirus pandemic hit consumption and business activity, official data showed on Wednesday. Southeast Asia's largest economy shrank by a sharper-than-expected 5.32% in the April-June period from a year earlier, according to data from Statistics Indonesia, the weakest since first quarter of 1999. Baca Juga: Indonesia loan growth at record low in June, seen bottoming