Indonesia's Q2 GDP growth disappoints on tepid spending

Jakarta

INDONESIA'S gross domestic product grew more slowly than expected in the second quarter, as private consumption remained lethargic, adding to signs that South-east Asia's largest economy is stuck in a low gear and may need more stimulus.

The resource-rich economy grew 5.01 per cent in April-June from a year earlier, slightly slower than forecast and unchanged from the first quarter's pace.