Indonesia economy grows 5.17% in second quarter, beats estimates

Last quarter’s performance underlines the resilience of Indonesia's economy at a time when its typical engines of growth have struggled to fire on all cylinders. - JP

JAKARTA (Bloomberg): Indonesia’s economic growth accelerated last quarter, defying the impact of higher interest rates, elevated prices and a commodity slowdown.

Gross domestic product rose 5.17% in the three months through June compared to a year ago, the nation’s statistics office said on Monday (Aug 7). That beats the 5% median forecast in a Bloomberg survey of economists and the growth print notched in the previous two quarters.