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Indonesia Withstands Europe Woes as Growth Accelerates: Economy

Indonesia’s economic growth unexpectedly accelerated as rising investments countered declining exports, reducing pressure for monetary easing as the nation withstands Europe’s sovereign-debt crisis.

Gross domestic product rose 6.37 percent in the three months ended June 30 from a year earlier, the Central Bureau of Statistics said in Jakarta today. That compares with a revised 6.32 percent gain for the first quarter and the 6.1 percent median estimate of 24 economists surveyed by Bloomberg News.