Indonesian Economic Growth Slows to 4.94% in Q3 as Exports and Consumption Weaken
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Indonesia's Q3 GDP grew 4.94% year-over-year, below expectations and the slowest pace in 2 years.
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Exports shrank 4.26% and household spending growth slowed to 5.06% in Q3.
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Drought conditions hampered agriculture sector growth.
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Investment was a bright spot, with 5.77% growth in Q3.
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On a quarterly basis, GDP grew 1.6% in Q3, below expectations.