Pandemic puts Indonesia into recession; 1st time in 20 years

JAKARTA, Indonesia (AP) — Indonesia’s economy has entered its first recession since the Asian financial crisis more than two decades ago as the country struggles to curb the coronavirus pandemic. Statistics Indonesia, the central statistics agency, said Thursday that Southeast Asia’s largest economy contracted at a 3.49% annual pace in July-September, the second consecutive quarterly contraction. The economy shrank at a 5.32% pace in the previous quarter and grew 2.9% in Januar