Indonesia's virus-hit economy contracts for first time in 2 decades

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Failure to contain virus means the recovery will be slowest in the region. FMTNews Indonesia

A traditional herbal drinks vendor cycles past a mural in Jakarta on Aug 4.

That marked Indonesia’s first contraction since the first quarter of 1999 during the Asian financial crisis and puts it on course for its first recession since then. Governments around the world have been struggling to contain the deadly disease, which essentially forced governments to shut down the global economy in the second quarter.

 

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