Jakarta, CNBC Indonesia – Yesterday, the Central Statistics Agency (BPS) announced that Indonesia’s economy in the third quarter of 2020 grew negatively by 3.49% compared to the same period the previous year (year-on-year / YoY). The economic contraction for two consecutive quarters has met the conditions for Indonesia to enter an economic recession.
The province that is most miserable is Bali. In the third quarter of 2020, the Island of the Gods GRDP contracted by 12.28%. Worse than the previous quarter, namely 10.98%. Meanwhile, North Maluku is the most impressive province with an economic growth of 6.66%.
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