https://jakartaglobe.id/business/indonesia-slips-into-first-recession-in-more-than-two-decades
A man takes a nap across BNI City train station in Jalan Sudirman, South Jakarta on Wednesday. (Antara Photo/Dhemas Reviyanto) *Indonesia Slips Into First Recession in More Than Two Decades* BY :HERMAN NOVEMBER 05, 2020 *Jakarta*. 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. Indonesia fell into a recession — which defined contractions in two consecutive quarters — as the economy had already contracted by 5.32 percent in the second quarter following the government's social and travel restrictions to curb the spread of the Covid-19 pandemic. This was the country's first recessions since the Asian Financial Crisis 22 years ago.
