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Indonesia’s economic growth slows in Q2

by ChemOrbis Editorial Team -
  • 06/08/2015 (11:56)
According to data released by Indonesia’s statistics bureau, the country’s economic growth slowed in the second quarter of this year. Indonesia’s gross domestic product (GDP) rose 4.67% after posting a growth rate of 4.72% in the previous quarter. The country’s Q2 growth rate also indicated its slowest rate of growth since 2009. In the same period of 2014, meanwhile, Indonesia’s economy had expanded by 5.03%.

The deceleration was attributed to lower household spending, which grow 4.97% compared with a growth rate of 5.1% in the same period of 2014, as well as slower growth in major global economies like the US, China and Singapore.

In the first half of this year, Indonesia’s economy grew 4.7%, falling below the government’s 2015 target of 5.7% GDP growth.
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