Iklan
Recession During Pandemic and Economic Recovery
Indonesia suffers first recession two decades after the monetary crisis hit the country in 1998.
A worker cleans at the KCM Cinemas theater in Bekasi, West Java, Thursday, Nov. 5, 2020. Indonesia\'s economy entered its first recession since the Asian financial crisis more than two decades ago as the country struggles to curb the coronavirus pandemic under control.
Indonesia suffers first recession two decades after the monetary crisis hit the country in 1998.
The Indonesian economy shrank 3.49 percent year-on-year in the third quarter, this year following a 5.32 percent contraction in the second quarter. Although not as bad as in many other countries, the Indonesian economy is expected to suffer contraction of about 2 percent this year.