Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand for its exports, according to the median forecast of 22 economists polled by Reuters.
On quarter-on-quarter basis, the economy was expected to have grown 3.72% in the June quarter, according to a smaller sample of forecasts received in the July 31-Aug.3 poll.
In the January-March quarter the economy grew 5.03% from a year ago but reported a quarter-on-quarter contraction.
Read More : Indonesia’s Q2 GDP Growth Likely to Moderate as Exports Weaken, Reuters Poll Shows