Jakarta's Economy Contracts by 8.22% in the Second Quarter of 2020
Dwi Hadya Jayani
07/08/2020 08:40
WIB
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Jakarta's Year-on-Year (YoY) Economic Growth
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Jakarta's economy in the second quarter of 2020 plummeted to -8.22%. This was due to the implementation of large-scale social restrictions (PSBB) as an effort to curb the spread of Covid-19, effectively halting almost all public activities.
Tourism was the first sector to be impacted by the PSBB policy. This is evident in the significant contraction of the added value of the hotel, restaurant, transportation, and other service sectors.
Editor :
Safrezi Fitra
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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