Indonesia tumbles into first recession for two decades

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JAKARTA: Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in ...

JAKARTA: Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago.

"While Indonesia is a long way from bringing the coronavirus under control, the number of new cases does appear to be easing. This will allow social distancing measures to be relaxed," he added. READ: Commentary: Indonesia has amended 79 laws to boost investment and jobs. But that may yet not be enough

 

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