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[39] [40] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic, its worst economic performance since the 1997 crisis. [41] In 2022, gross domestic product expanded by 5.31%, due to the removal of COVID-19 restrictions as well as record-high exports driven by stronger commodity prices. [42]
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...
[19] [20] In 1854, Secretary of the Treasury James Guthrie proposed creating $100, $50, and $25 gold coins, to be referred to as a union, half union, and quarter union, respectively, [21] thus implying a denomination of 1 Union = $100. However, no such coins were ever struck, and only patterns for the $50 half union exist.
A young humpback whale washed up on Long Island on Monday, the latest in a series of troubling similar incidents in recent weeks.
Steph Curry produced one of the greatest performances of his career on Thursday night, propelling the Golden State Warriors to a 139-105 blowout of the Philadelphia 76ers.
We tracked down the week's best deals at Amazon, including an iPad that's $100 off and a range of beauty products that are marked down.
In 2022, KKN di Desa Penari smashed box office records, becoming the most-watched Indonesian film with 9.2 million tickets sold. [343] Indonesia has held annual film festivals and awards, including the Indonesian Film Festival (Festival Film Indonesia) held intermittently since 1955. It hands out the Citra Award. From 1973 to 1992, the festival ...
The United States has a highly developed mixed economy. [40] [41] [42] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [43]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]