Indonesia's GDP growth set to slow in Q3 as COVID-19 curbs bite - Capital Economics

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Indonesia’s GDP growth set to slow in Q3 as COVID-19 curbs bite

03 November, 2021Reuters

“The government was forced to tighten measures last quarter to stem the surge in virus cases, and we expect the services sector will have been hit especially hard,” said Alex Holmes, emerging Asia economist at Capital Economics.

“Even after the pandemic is over, the crisis will leave behind it a legacy of higher debt, impaired balance sheets and bankruptcies which mean GDP is unlikely to ever regain its pre-crisis path,” he said.

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