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Indonesia's Q2 2024 GDP growth slowed to 5.05% due to weakened external demand amid global economic slowdown.
Indonesia's economy experienced a slight slowdown in Q2 2024, with an annual growth rate of 5.05%, down from 5.11% in the previous quarter and 5.17% a year earlier.
The growth was supported by domestic activities, while export performance declined due to weakened external demand amid a global economic slowdown.
However, the nation maintained a solid pace of growth, with both export value and volume increasing for several commodities, and domestic demand remaining strong, mainly due to increased spending during religious holidays and harvest seasons.
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El crecimiento del PIB de Indonesia en el segundo trimestre de 2024 se ralentizó hasta el 5,05% debido a la debilitada demanda externa en medio de la desaceleración económica mundial.