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Retail sales growth in Indonesia crashed to 2.9% year-over-year in May, the worst since the Delta hit...
...But base effects and improving confidence should see a swift—and sustainable—return to fast growth.
A return to pre-Covid unemployment is a matter of when, not if, looking at the highs in job expectations.
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consumer confidence, June, labour, May, q3, retail sales, retail sales growth, sales growth, unemployment, unemployment rate, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence