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

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

Traffic is moving 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 is reflecting spending for the February general election. (Photo by Afriadi Hikmal/NurPhoto)


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