Indonesia 2Q GDP seen shrinking 4.61% on-yr, weakest since 1999

A healthcare worker dressed in personal protective equipment collects a swab sample from a resident at a mobile Covid-19 testing facility in Jakarta, Indonesia, on Wednesday, July 29, 2020. - Bloomberg

JAKARTA: Indonesia's economy likely posted the biggest contraction in more than two decades in the second quarter, as measures taken to combat the Covid-19 coronavirus pandemic hit most sectors, a Reuters poll showed on Monday.

The median forecast of 20 analysts in the poll was for Southeast Asia's largest economy to post a contraction of 4.61% from a year ago, after growing 2.97% in the first quarter.