JAKARTA (The Jakarta Post/ANN): Economists have urged the government to ramp up state spending and control the coronavirus spread to speed up recovery as Indonesia's economy contracts for the first time since 1999.
The gross domestic product (GDP), the broadest measure of goods and services produced, shrunk 5.32 per cent year-on-year (yoy) in the second quarter, the steepest decline since the first quarter of 1999, Statistics Indonesia (BPS) announced on Wednesday (Aug 5).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!