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Indonesia's GDP Growth Holds Just Above 5% In Q2

People are walking on a deserted street around the business district of East Jakarta, Indonesia, on August 5, 2024. Indonesia's annual economic growth is holding just above 5 percent in the second quarter, roughly in line with expectations, official data is showing on Monday, but it is prompting authorities to pledge new measures to boost activity in the second half of 2024. Government spending is only expanding 1.42 percent year-on-year in the second quarter, slowing sharply from growth of almost 20 percent in the first quarter that reflected spending for the February general election. (Photo by Afriadi Hikmal/NurPhoto)

Photo ID	#11456520
Date Taken	5 August 2024
Location	N/A
Photographer	Afriadi Hikmal/NurPhoto
Category	Human Interest
Copyright	© 2026 NurPhoto - Afriadi Hikmal/NurPhoto

deserted street business district East Jakarta Indonesia August 5 2024 annual economic growth 5 per cent second quarter expectations official data Monday authorities new measures boost activity second half government spending 1.42 per cent year-on-year slowing 20 per cent first quarter February general election Afriadi Hikmal NurPhoto economic data growth rate spending expansion election spending second quarter growth economic measures Jakarta economy quarterly growth.