Econ­omy ex­pands steadily in Q2

China Daily (Hong Kong) - - BUSINESS -

In­done­sia’s econ­omy ex­panded steadily in the sec­ond quar­ter as con­sump­tion re­mained sub­dued and ex­ports growth slowed. The na­tional sta­tis­tics bureau an­nounced on Mon­day that the South­east Asia’s big­gest econ­omy grew 5.01 per­cent from April to June on a yearly ba­sis, equal with that in the first three months. House­hold con­sump­tion, which ac­counts for about 57 per­cent of the GDP growth, ex­panded slightly 4.95 per­cent in the sec­ond quar­ter from a year ear­lier, com­pared with 4.94 per­cent at the pre­vi­ous quar­ter, head of the bureau Ke­cuk Suhariyanto said. Ex­port was down 3.5 per­cent at the sec­ond quar­ter, com­pared with that in the first quar­ter, said Suhariyanto. In­done­sia has at­tempted to ac­cel­er­ate eco­nomic growth to cre­ate jobs in the coun­try with a pop­u­la­tion of over 250 mil­lion. For this year, the gov­ern­ment ex­pects 5.2 per­cent GDP growth, higher than that of 5.02 per­cent last year.

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