Economic And Social Disruption By The Pandemic In Indonesia

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Economic And Social Disruption By The Pandemic In Indonesia

Children play at a slum area in Jakarta on 29 November, 2020. Indonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish. Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well as the availability of a coronavirus vaccine, Institute for Development of Economics and Finance (Indef). Indonesia plunged into recession for the first time in two decades as the economy shrank 3.49 percent year-on-year (yoy) in the third quarter after plunging 5.32 percent yoy in the second quarter. (Photo by Afriadi Hikmal/NurPhoto)


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