


| Indonesia Falls Into Recession for First Time in More Than 20 Years |
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Indonesia fell into recession this year for the first time since the Asian financial crisis in 1998 as COVID-19 shutdowns caused a sharp drop in consumption and investment expenditure, but “the worst is over” for Southeast Asia’s biggest economy, officials said Thursday. Gross domestic product shrank by about 3.
Posted: 2020-11-05 20:14:00
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