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Stimulus drives Indonesia’s growth to fastest pace since 2022

Grace Sihombing & Claire Jiao / Bloomberg
Grace Sihombing & Claire Jiao / Bloomberg • 2 min read
Stimulus drives Indonesia’s growth to fastest pace since 2022
The government has ramped up efforts to lift growth that’s averaged 5% per annum over the past two decades towards President Prabowo Subianto’s goal of 8%.
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(Feb 5): Indonesia’s economic growth surged to a three-year high as state stimulus buoyed domestic demand, potentially boosting sentiment after a recent slump in the rupiah and local stocks.

Gross domestic product (GDP) in the three months through December rose 5.39% from a year earlier, the nation’s statistics agency said on Thursday. That beats the 5.1% median estimate and marks the fastest pace since the 5.73% recorded in the third quarter of 2022, according to data compiled by Bloomberg.

Full-year GDP expanded by 5.11%, accelerating from 5.03% in 2024.

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