Indonesian growth slows in second quarter

JAKARATA, Aug 6: 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. 

"The economic growth is also lower compared to the second quarter of 2023," Statistics Indonesia deputy head, Mohamad Edy Mahmud told a press conference. 

Despite the lower growth, Statistics Indonesia insisted the domestic economy is relatively robust and stable -- but some economists doubted the country can maintain such growth.    —AFP