JAKARTA - Indonesia's economy grew at its weakest pace since 2001 in the first quarter, slower than expected, as the coronavirus pandemic halted business activity in South-east Asia's largest economy.
A Reuters poll had a median forecast of 4.04 per cent, but some analysts had expected an even weaker growth rate. The economy held up better than elsewhere in the first quarter because Indonesia locked down parts of its economy later than others, said Capital Economic's senior Asia economist Gareth Leather, who expects a sharp contraction in the second quarter.
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