Indonesia says ‘worst is over’ after Q3 GDP fell into recession


Sri Mulyani Indrawati (pic) said a contraction in private consumption and investment had eased in the third quarter, after suffering bigger blows in the previous three months.

JAKARTA: Indonesia’s finance minister said “the worst is over” for South-East Asia’s largest economy, after third-quarter gross domestic product (GDP) data confirmed the country fell into recession for the first time since 1998.

Sri Mulyani Indrawati (pic) said a contraction in private consumption and investment had eased in the third quarter, after suffering bigger blows in the previous three months.

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