The central bank had already lowered its 2021 projection to a range of 3.5% to 4.3%, from 4.1% to 5.1%, slightly below the government’s 3.7% to 4.5% outlook.
JAKARTA: Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in Covid-19 infections.
South-East Asia’s largest economy grew 7.07% in the April-June quarter compared with a year earlier, its first expansion in five quarters, Statistics Indonesia reported yesterday.
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