Indonesia’s economic growth held above 6 percent for an eighth quarter as domestic consumption and rising investment countered an export slump, reducing the need for the central bank to cut interest rates.Gross domestic product rose 6.17 percent in the three months ended Sept.

30 from a year earlier, the Central Bureau of Statistics said in Jakarta today. That compares with a 6.37 percent gain reported previously for the second quarter, and matched the median estimate of 16 economists surveyed by Bloomberg News.

via Indonesia’s Economic Growth Exceeds 6% as Investment Climbs – Businessweek.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news