Indonesia’s gross domestic product (GDP) grew 4 percent in the second quarter compared with the same quarter last year, and was up 2.3 percent from the previous quarter.
The increase is the slowest since 2003, but was better than the same period last year thanks to economic stimulus measures by the Indonesian government and increased consumption by households.
Spending by households and individuals contributed 60 percent of the country’s GDP in the second quarter, up by 4.8 percent over the same period last year and 0.2 percent compared with the previous quarter, while government consumption increased 17 per cent.
Experts said the increased GDP growth rate may induce the country’s Central Bank to focus on inflation restrictions instead of growth stimulus.
The International Monetary Fund has forecast Indonesia’s growth at 3.5 percent this year./.
The increase is the slowest since 2003, but was better than the same period last year thanks to economic stimulus measures by the Indonesian government and increased consumption by households.
Spending by households and individuals contributed 60 percent of the country’s GDP in the second quarter, up by 4.8 percent over the same period last year and 0.2 percent compared with the previous quarter, while government consumption increased 17 per cent.
Experts said the increased GDP growth rate may induce the country’s Central Bank to focus on inflation restrictions instead of growth stimulus.
The International Monetary Fund has forecast Indonesia’s growth at 3.5 percent this year./.
