JAKARTA: Indonesia's economy grew slightly more than 5.0 percent in the second quarter as the deceleration in government spending growth was offset by household consumption and investment. Gross domestic product grew 5.05 percent on a yearly basis compared to 5.11 percent in the prior quarter, data released by Statistics Indonesia showed Monday. Economists had forecast the economy to grow 5.0 percent. Quarter-on-quarter, GDP advanced 3.79 percent, better than the expected growth of 3.71 percent. Southeast Asia's largest economy expanded 5.08 percent in the first half of the year. The expenditure-side breakdown showed that household spending advanced 4.93 percent from a year ago amid festive season. Source : Emirates News Agency
RECENT POST
UAE Launches International Action Against Environmental Crime
September 27, 2026
Bangkok Declared Disaster-Affected Area Due to Severe Flooding
September 27, 2026
AI Boom Could Trigger Massive E-Waste Crisis, Warns BAN
September 27, 2026
South African Police Hunt Gunmen After Tavern Shooting Leaves 17 Dead
September 27, 2026
UAE Leaders Send Independence Day Messages to Turkmenistan President
September 27, 2026