POST Online Media Lite Edition



 

Indonesia registers 5.02 percent growth in Q3

Staff Writer |
Indonesia recorded 5.02 percent growth in the third quarter this year, slower than 5.18 percent it gained in the second quarter due to sluggish growths experienced by most its trade partner countries and domestic factors.

Article continues below






"The global economy condition is yet to be stable with uneven growth distributions were seen in several countries," Indonesia's Central Statistics Bureau chief Suhariyanto said in his office.

He, however, said that growth figure in the third quarter this year was apparently higher than 4.73 percent in the corresponding period last year.

Suhariyanto said that downturns in Indonesia's trade partner nations such as South Korea and Singapore, that posted 2.7 and 0.6 percent in the period, have significantly affected Indonesia.

The two nations' growths in the third period this year were decreased by 3.3 and 2 percent from the second quarter respectively.


What to read next

Indonesia unexpectedly lowers reference rate to 6.50%
Indonesia registers lower export, trade surplus in February
Government spending can spur higher growth in Indonesia