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.

8 months ago
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