Indonesia's economy forecast to decelerate 3.1% in Q2; health ministry reports 1,106 new Covid-19 cases

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Indonesia's economy forecast to decelerate 3.1% in Q2; health ministry reports 1,106 new Covid-19 cases
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JAKARTA (Xinhua): Indonesia's economy is projected to significantly decelerate 3.1 per cent in the second quarter, compared to a 2.97-per cent economic growth from January to March, a minister said on Tuesday (June 16).

JAKARTA : Indonesia's economy is projected to significantly decelerate 3.1 per cent in the second quarter, compared to a 2.97-per cent economic growth from January to March, the finance minister said on Tuesday .

The pandemic has been ravaging Indonesia's exports and imports of capital goods and raw materials, making consumers halt consumption and slowing foreign direct investment. Indonesia has reopened mall shopping centres and eased restrictions on air travel along with tight health protocols, and gradually reopened tourist destinations.

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