KONTAN.CO.ID - JAKARTA. Indonesia pulled out of recession in the second quarter after reporting its strongest annual growth rate in more than a decade, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections.
Southeast Asia's largest economy grew 7.07% in the April-June quarter compared with a year earlier, its first expansion in five quarters, Statistics Indonesia reported on Thursday.
The pace was stronger than the 6.57% growth expected in a Reuters survey of analysts, and the highest since the October-December quarter of 2004, according to Bank Mandiri data. The first quarter's contraction was revised to 0.71%.