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Economy

Indonesia's economy contracts for first time in 20 years

5.32% slide in Q2 puts nation at serious risk of a COVID-induced recession

People wearing protective face masks walk at a market in Jakarta on July 23.   © Reuters
SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- Indonesia's economy contracted for the first time in 20 years in the second quarter, putting the archipelago at serious risk of a COVID-induced recession.

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