JakartaGlobe-Nov 5, 2020

Indonesia has fallen into a recession after the $1-trillion economy shrank for the second consecutive quarter in the July to September period, the statistics agency said on Thursday. The largest economy in Southeast Asia saw its output declined by 3.49 percent in the third quarter this year compared to the same period last year, the Central Statistics Agency (BPS) said. That was worse than the government’s expectation for the third quarter contraction of 2.9 percent to 1.1 percent.

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