Indonesia's Economic Growth Recorded At Negative 0.74 Percent In Q1
Faizan Hashmi Published May 05, 2021 | 04:11 PM
Indonesia posted an economic growth of negative 0.74 percent in the first quarter of this year, showed data from its central statistical agency Statistics Indonesia on Wednesday
JAKARTA (UrduPoint / Pakistan Point News - 5th May, 2021 ) :Indonesia posted an economic growth of negative 0.74 percent in the first quarter of this year, showed data from its central statistical agency Statistics Indonesia on Wednesday.
"The Indonesian economy is still contracting by 0.74 percent year-on-year," said the agency head Kecuk Suhariyanto.
Best performance was reported in the information and communication sector with a growth of 8.
72 percent, while the largest contraction occurred in the transportation and warehousing sector, at negative 13.12 percent.
Indonesia began to face economic contraction since the second quarter of last year, at 5.32 percent, amid the COVID-19 pandemic.
In the following quarters the growth rate was still in the negative territory but showed an improving trend, recorded at negative 3.49 percent and negative 2.19 percent year-on-year respectively in the third and fourth quarters of 2020.
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Business
-
Minister appreciate UAE’s support for Pakistan economic challenges
8 hours ago -
MIGA's support Pakistan in attracting foreign investments: Federal Minister for Finance, Muhammad Au ..
8 hours ago -
International financial partners to invest $1.8 bln in KP: Advisor
9 hours ago -
Uzbek envoy invites FPCCI leadership to attend Tashkent Int'l Investment forum
10 hours ago -
Women development imperative for sustainable economic prosperity: Lansana Wonneh
10 hours ago -
Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
10 hours ago
-
High Tobacco tax prevails over propaganda, reduces cigarette consumption
11 hours ago -
SECP grants registration to first digital insurer
11 hours ago -
European stock markets rebound after heavy losses
11 hours ago -
SECP files complaint against two individuals on violation of trading
11 hours ago -
Govt prioritize to peruse economic reform agenda for sustainable economic development: Minister
11 hours ago -
IMF says global debt levels face 'Great Election Year' risk
12 hours ago