Indonesian economy still sluggish despite interest rate cuts
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Jakarta
INDONESIA'S economy grew slightly more slowly than expected in the third quarter, as private consumption continued to flatline, confounding efforts by policymakers to push the growth rate much above 5 per cent.
South-east Asia's largest economy expanded 5.06 per cent in the July-toSeptember quarter from the year earlier, the statistics bureau said on Monday, compared with 5.01 percent in both the first and second quarters. A Reuters poll had forecast 5.13 per cent for the third quarter.
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