Indonesia’s first GDP growth in five quarters

Positive times: Fishermen take their boat out to sea at dawn in Lhokseumawe, Aceh. Indonesia is expected to report an economic growth of more than 6% in the second quarter. — AFP

JAKARTA: Indonesia is expected to report this week an economic growth of more than 6% in the second quarter, but a new wave of Covid-19 cases, which started to hit in June, is clouding the outlook for subsequent quarters, a Reuters poll showed yesterday.

The median forecast of 22 analysts in the poll was for gross domestic product (GDP) growth of 6.57% in April-June on an annual basis, the first expansion in five quarters.