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6 Nov 2024

International Economy

Indonesia’s economic growth slowed down slightly in 3Q24; full-year 2024 growth projected at 5% (Business Brief No.4095 Full Ed.)

คะแนนเฉลี่ย

Indonesia’s economic growth slowed down slightly in 3Q24; full-year 2024 growth projected at 5%  
  • Indonesia's economy grew by 4.95 percent YoY in 3Q24, down slightly from the  5.01 percent YoY growth reported for 2Q24, due primarily to the sluggishness seen in private consumption.
  • It is expected that Indonesia’s economy will be able to maintain its growth momentum of 5.0 percent for 2024, with 4Q24 growth expected to be almost on par with those reported for the previous quarters.
  • Indonesia’s key economic risks that warrant close monitoring include the global economic slowdown, which could impact its 2024 exports, and an influx of Chinese goods, which may hurt domestic production.

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International Economy