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International Business Times
International Business Times
Business
AFP News

Indonesian Growth Slows In Second Quarter

Indonesia Economy Asia SouthEast Asia
The driver of an Indonesian bechak, a traditional pedicap, sleeps in front of a market in Surakarta, Central Java. The economy of the country cooled slightly in the second quarter of 2024, according to latest data (Credit: AFP)

Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday.

Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.

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