Indonesia's Q3 growth weakest in four years

JAKARTA: Indonesia’s economy grew at its slowest in nearly four years in the third quarter, as weak exports risk leaving its trade balance in deficit and the rupiah vulnerable to further falls.

Growth is expected to ease in the coming quarters as the effects of higher interest rates and fuel costs feed through the economy. South-East Asia’s largest economy is running large trade and current account deficits this year, which have made it a target of portfolio investors shifting funds out of emerging markets and knocked the rupiah to 4½ year lows.