JAKARTA - Indonesia's imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed on Friday .
April imports plummeted 18.58 per cent to US$12.54 billion, the biggest fall since October 2015, versus the poll's median projection of a 12.73 per cent decline, although some analysts in the poll had expected an even bigger drop.Imports of consumer goods are traditionally stronger before the Muslim fasting month of Ramadan, which began on April 23.
"What we're looking to find out is how fast the economy will recover. Our expectation is for the second quarter to produce the weakest economic activity and a rebound in the third quarter," he said.
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