Thai PBS Thai PBS
Indonesia Q3 growth rises but remains below forecasts

Indonesia Q3 growth rises but remains below forecasts

13 Sept 11:13 Key points summarised by AI
  • Indonesia's Q3 2022 economic growth accelerated to 5.72%, marking its largest jump in over a year, driven by robust exports and domestic consumption.
  • The strong performance was bolstered by a rebound from last year's COVID-19 restrictions and booming commodity prices following Russia's invasion of Ukraine.
  • Despite the acceleration, the 5.72% growth rate fell short of economists' forecasts, which anticipated higher figures.
  • Economists project a slowdown in future quarters, citing concerns over potential drops in commodity prices, global economic deceleration, and tighter fiscal policies.
Read full article
Asean 1/1
Skip > Skip >