Indonesia virus-hit economy posts first yearly contraction since 1998
JAKARTA (AFP) – Indonesia yesterday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia’s biggest economy. The country’s gross domestic product fell 2.07 per cent in 2020 from a year earlier, the statistics agency said, with household spending, transportation and tourism among the hardest-hit sectors. Yesterday’s […]
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