JAKARTA (The Jakarta Post/ANN): Indonesia’s economy is heading into turbulence as the Covid-19 pandemic is expected to further batter growth after the country recorded the weakest economic expansion since 2001 in the first quarter of the year, economists have warned.
The country's gross domestic product (GDP) grew 2.97 per cent year-on-year (yoy) in the first three months of the year as household spending and investment growth slowed amid the coronavirus outbreak, Statistics Indonesia (BPS) announced on Tuesday (May 5).