Indonesia's economy contracts for the first time since 1999 in Q2

By Fransiska Nangoy and Tabita Diela JAKARTA (Reuters) - Indonesia's economy contracted for the first time in over two decades in the second quarter as efforts to contain the new coronavirus dealt a blow to consumer demand and business activity in Southeast Asia's largest economy. Gross domestic product shrank by a bigger than expected 5.

32% in the April-June period from a year ago, according to data from Statistics Indonesia, the first contraction since 1999. The economy had been expected to shrink 4.61%, according to.....

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