Indonesia tumbles into first recession for two decades ...Qatar

Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago. Activity in Southeast Asia's biggest economy slumped 3.49 percent on-year in July-September, the statistics agency said Thursday, with tourism, construction and trade among the hardest-hit sectors. The data marked the second consecutive quarter of contraction after a 5.3 percent decline in April-June. Indonesia last suffered a recession in 1998 and 1999 during a regional currency crisis that helped force the resignation of its long-term dictator Suharto. However, the depth of the current decline was easing,

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Indonesia tumbles into first recession for two decades ...Qatar

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