Indonesia economy expands 5% in 2024, headwinds expected this year

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JAKARTA :Indonesia's economy grew 5.03 per cent in 2024, roughly similar to the previous year's rate and in line with expectations, but the pace was the slowest in three years, official data showed on Wednesday.

Bank Indonesia has cut interest rates twice since September, by a total of 50 basis points, to try to stimulate the economy.

On a non-seasonally adjusted basis, GDP rose 0.53 per cent in the fourth quarter from July-September.

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Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Pace Quarter Prabowo Grew Indonesia Cent Economy Investment Year Previous Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 12:33:58 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25904576

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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