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

20200804 jakarta

People wearing protective face masks walk at a market in Jakarta on July 23. © Reuters

SHOTARO TANI, Nikkei staff writer
August 5, 2020 13:14 JST
Updated on August 5, 2020 14:28 JST

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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