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Indonesia's recovering economy faces fresh blow from Covid-19 surge
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Large-scale restrictions certainly have dire impacts on the economy, analysts say.
PHOTO: EPA-EFE
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Indonesia's economy, which has been showing signs of recovery, is facing a fresh blow from a recent explosion of Covid-19 cases.
It was only last week (June 17) that the World Bank was optimistic that Indonesia's economy would rebound by 4.4 per cent in 2021, supported by a gradual improvement in domestic demand and positive spillovers from a stronger global economy.
