Economy

Indonesia economy shrinks in 2020 for first time in two decades

GDP plunged 2.07% last year as COVID-19 crippled business activity

20210204 Indo economy

A man walks in a quiet Jakarta business district on June 8, 2020. © Reuters

SHOTARO TANI, Nikkei staff writer
February 5, 2021 11:27 JST
Updated on February 5, 2021 16:46 JST

JAKARTA -- Indonesia's economy contracted in 2020 for the first time in more than two decades as COVID-19 crippled business activity across the archipelago.

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