Indonesia’s economy showed negative growth for the first time in more than 20 years, officials said it might improve in the third quarter

Novel coronavirus pneumonia in Jakarta,

, China News Agency, August 6th, the GDP in the two quarter of this year dropped by 5.32% compared with the same period last year. This is the first time that the country’s economy has experienced negative quarterly growth since 1999. At a news conference held the day before, suhariyanto, director of Indonesia’s National Bureau of statistics, who released the economic data of the second quarter, said that “the epidemic has had a very negative impact on the medical, social and economic conditions of Indonesia. It has severely damaged consumption and commercial production activities, and has seriously hit families and enterprises.”. According to the data, < / P > < p > in the second quarter of this year, residents’ consumption shrank by 5.51%, government expenditure by 6.90%, fixed asset investment by 8.61% and export by 11.66%. < p > < p > in early June, various parts of the country began to relax restrictions and restart the economy. However, with the aggravation of the epidemic situation, the confirmed cases and death cases increased continuously. The novel coronavirus pneumonia confirmed on the 6 day afternoon, according to

, 1882 cases were confirmed by new crown pneumonia, 118753 cases were confirmed, 69 cases were newly diagnosed and 5521 cases were cumulative. Although the epidemic situation has not been controlled, the Indonesian government has shifted its focus from epidemic prevention and control to economic recovery. Since the outbreak of the epidemic, the government has allocated IDR 695.2 trillion to fight the epidemic and revitalize the economy. The Central Bank of the country has also cut interest rates by 100 basis points four times to stimulate the economy.