Indonesia's economic growth weakened to a two-year low in the third quarter on falling government spending and exports, official data revealed on Monday.
Gross domestic product grew 4.94 percent year-on-year in the third quarter but slower than the 5.17 percent expansion posted in the second quarter, Statistics Indonesia reported.
This was the weakest expansion since the third quarter of 2021 and also below economists' forecast of 5.05 percent. On a quarterly basis, Southeast Asia's largest economy expanded 1.6 percent. The sequential growth was seen at 1.71 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.