Indonesia Q2 GDP growth accelerates, beats expectations

The Indonesian economy enjoyed an export boom driven by high global commodity prices.(File pic shows Indonesian coal barges.)

Indonesia's second-quarter gross domestic product grew 5.44% from a year earlier, more than expected, official data showed on Friday, as Southeast Asia's largest economy enjoyed an export boom driven by high global commodity prices.

The growth rate compared with 5.01% in the previous quarter.

A Reuters poll of economists had estimated an expansion of 5.17% for the second quarter.

Unadjusted for seasonal factors, gross domestic product was 3.72% larger than in the previous quarter, compared with the poll's forecast of 3.44%.- Reuters

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Indonesai , ecconomy , GDP , growth ,


Next In Business News

The rise of online financial fraud in Malaysia
Cybersecurity experts share their views
Letter to the editor
Dutch Lady losing dividend appeal
Currencies crack as dollar dominates
Stable currency is a must for the economy
Persistent overhang
Kechara Soup Kitchen set for expansion
Making peanut butter cool again
The winding road to a 15% global minimum tax

Others Also Read