Indicators
Indonesia Keeps Growth Above 5% as Prabowo’s Stimulus Looms
- Public spending growth cooled, household consumption steady
- Next year’s budget to accommodate Prabowo’s spending plan
This article is for subscribers only.
Indonesia’s economy expanded slightly above forecast last quarter even as slower government spending puts the spotlight on President-elect Prabowo Subianto’s stimulus program when he takes office in October.
Gross domestic product rose 5.05% in the April-June period from a year ago, the statistics office said on Monday. That was faster than the median 5% increase seen in a Bloomberg News survey and compares with the 5.11% growth in the first quarter.