Market Pulse: A More Realistic Reading on Indonesian Economy

INDONESIA has to walk through a long and winding road to economic recovery. At the end of Q1-2021, economic growth is still negative, at minus 0.74 percent year-on-year. This contraction is deeper compared to the average estimate of economists surveyed by Bloomberg, which predicted negative 0.65 percent. On the positive side, there are signs of improvements. From quarter to quarter, since the Covid-19 pandemic began, the econo

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