Global RAC Market Shrinks by 27% -- Indonesia
2020-08-24
Yoshiharu Osumi, JARN’s HVAC&R advisor in Indonesia, reported on the country’s air conditioner market in the first half of 2020.Indonesia’s gross domestic product (GDP) had been surpassing 5.0% during the four years spanning 2016 to 2019. However, in the first quarter of 2020, it recorded 3.0% growth and rapidly decreased in the second quarter, due to the COVID-19 pandemic.
