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Global Economic News

Indonesia GDP Growth Tops Expectations

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Despite falling exports, Indonesia's economy grew at a faster-than-expected pace in the second quarter driven by household and government spending, official data showed on Monday.

Gross domestic product registered an annual growth of 5.17 percent in the second quarter, following first quarter's 5.04 percent expansion, Statistics Indonesia said. This was faster than economists' forecast of 4.93 percent.

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