Indonesia GDP growth slows to 3.51% in Q3 on virus curbs, below expectations

[JAKARTA] Indonesia's economic growth slowed more than expected to 3.51 per cent in the third quarter, as mobility restrictions to control a deadly Covid-19 wave hit business activity and spending, official data showed on Friday.

Indonesian authorities imposed strict virus containment measures in July to late August in response to a spike in infections. Analysts polled by Reuters had expected growth to cool to 3.76 per cent in the July-September quarter from a year earlier, compared with a 7.07 per cent expansion in the previous three months.

On a quarterly, non-seasonally adjusted basis, South-east Asia's largest economy grew 1.55 per cent, compared with a 3.31 per cent rise in April-June. Analysts had expected growth of 1.80 per cent.

REUTERS