Indonesia’s GDP suffers worse than expected contraction in second-quarter
Indonesia’s GDP contracted 5.32% in the second-quarter compared to the same three months last year, a result that is worse than the 4.3% anticipated by the government.
Almost all sectors contracted both quarter-on-quarter and year-on-year, according to data from Statistics Indonesia (BPS) on Wednesday (August 5).
The worst quarterly GDP performance since the 1998 Asian financial crisis is a result of the COVID-19 pandemic that locked down most of the country and inflicted joblessness among the population.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
