Indonesia expected to grow up to 5.05% in Q3, led by strong demand, investment
Global geopolitical tensions and the outcome of the US polls loom over South-east Asia’s largest economy, posing risks to its economic momentum
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[JAKARTA] Indonesia’s economic growth likely maintained a steady upward trajectory in the third quarter, with analysts projecting growth for those three months at between 4.9 and 5.05 per cent, driven by robust demand and increasing investment.
Indonesia’s statistics bureau is set to release its official third-quarter gross domestic product figures on Nov 5.
Economists surveyed by Bloomberg said that this stable performance is laying a solid foundation for newly inaugurated President Prabowo Subianto, who aims to nearly double this growth rate to an ambitious 8 per cent average over his next five years in office.
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