section_path: Impact by region or country/Asia-Pacific/Indonesia
section_name: Indonesia
paragraph_text: Indonesia
  
  In the last quarter of 2019, around the time when concerns for the upcoming coronavirus pandemic were coming to light, the Indonesian economy was shown to be already weakened. For example, the year 2019 ended with only an increase of 1.1% in GDP for Indonesia within the last quarter. The early months following 2020 were when the coronavirus pandemic truely started to affect countries around the globe. Indonesia’s economy was no different, immediately showing evidence of undergoing a recession during the first half of the year. The economy’s GDP dropped by 0.6% in 2020’s first quarter and hit a trough at 6.9% contraction during the second quarter. While the contraction was a big hit to the economy, compared to the massive contractions other countries faced during COVID-19. Indonesia was still doing quite well. During the third quarter, Indonesia’s economy seemed to recover slightly, experiencing a 3.3% expansion of real GDP. The last quarter of 2020 remained not that impressive, with the GDP increasing by 2.2%. These slight expansions in Indonesia’s economy are quite low, and it is evident that the economy continued to remain weak after the initial major hit of the global pandemic. Across the end of 2019 and the year 2020, the inflation rate that Indonesia’s economy experienced remained quite low and consistent. Noticeably, the Inflation rate during the last quarter of 2019 and the first half of 2020 had the largest increase, consisting of around a 2.7% increase on the low end with a 3.1% at the high end. However, for the rest of the months that followed, inflation remained at around 1% and 1.7% for the rest of 2020; following the consistency of low and non-dramatic GDP that Indonesia experienced.