Indonesia's Q3 GDP weakest in 2 years, exports slump further

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Savoring Success with Taste Nova Scotia Culinary Ambassador Amy Savoury | SaltWireJAKARTA - Indonesia's annual economic growth slowed more than expected in the third quarter to its weakest in two years, official data showed on Monday, as exports shrank further and household consumption weakened.

The resource-rich country had recorded its highest growth in nine years of 5.3% in 2022, riding a global commodity boom. Moreover, the contraction in exports deepened to 4.26% from 2.97% in the second quarter, with government spending also falling on a yearly basis.

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