Indonesia’s economic system expanded at a slower tempo within the third quarter than economists anticipated, a disappointing end result for the federal government because it struggles to spice up progress in Southeast Asia’s largest economic system.
Indonesia’s economic system has expanded at a median of about 5 p.c over the previous 5 years, with authorities officers, together with Finance Minister Sri Mulyani Indrawati, placing a extra upbeat tone on the expansion outlook.
A rebound in commodity costs that has helped ship double-digit progress in exports for a lot of the yr, mixed with a surge in funding, suggests the economic system is selecting up steam. On the draw back, shopper spending and credit score progress has remained muted even after eight fee cuts because the starting of final yr.
- Exports rose 24 p.c to $43.four billion in third quarter from a yr earlier
- Investment climbed 14 p.c
— With help by Manish Modi, Rieka Rahadiana, and Harry Suhartono