Indonesia's recession eases as government boosts spending, exports recover
Rabu, 05 Mei 2021 / 12:23 WIB
Reporter:
KONTAN.CO.ID -
JAKARTA. Indonesia's economy shrank for the fourth straight quarter in January-March but at a much more modest pace as the government boosted spending and higher commodity prices helped exports, statistics bureau data showed on Wednesday.
Southeast Asia's largest economy contracted 0.74% in January-March from the same period a year earlier, compared with a 2.19% contraction in October-December.
Analysts polled by Reuters had forecast a 0.74% drop, while the country's planning minister had expected a fall of between 0.6% to 0.9%.
"This shows signs of economic recovery will become even more apparent. And of course, we hope that economic recovery in 2021 can come true," Suhariyanto, head of the statistics bureau, said in a streamed news conference.