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Indonesia's Q4 Economic Growth Steady At 6.5%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Indonesia's economy expanded as economists expected in the fourth quarter, driven by higher investment and domestic consumption.

Gross domestic product increased 6.5 percent in the fourth quarter from a year ago, Statistics Indonesia reported Monday. The growth figure matched third quarter's expansion rate.

In 2011 year as a whole, Southeast Asia's largest economy grew 6.5 percent, faster than the 6.1 percent expansion logged in the prior year.

Quarter-on-quarter, GDP shrank 1.3 percent after expanding 3.5 percent a quarter ago. However, the rate of decline was smaller than an expected 1.5 percent fall.

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