Slowest Indonesia Growth Since 2021 Risks Prabowo’s 8% Goal
Household consumption, the biggest driver of Indonesia’s growth, failed to pick up even during the Ramadan festivities in March.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Subscribe to Economics Daily for the latest news and analysis.
Indonesia’s economy grew at the slowest pace in over three years amid tepid household consumption and a sharp drop in state spending and investment, putting President Prabowo Subianto’s 8% goal even further out of reach.