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Economy

Indonesia posts fourth straight quarterly GDP contraction

ASEAN's biggest economy maintains COVID restrictions as Indian strain detected

A dried fish vendor serves a customer at a traditional market in Medan, North Sumatra, Indonesia, on April 29.   © EPA/Jiji

JAKARTA -- Indonesia's economy shrank for the fourth straight quarter, as the coronavirus pandemic remains a drag on Southeast Asia's largest economy.

Real gross domestic product fell 0.74% year-on-year in the three months ended March, data released by the statistics agency Wednesday showed, a marked improvement from the previous quarter when the economy shrank 2.19%. The figure matched that in a Reuters poll of 22 analysts.

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