Indonesia GDP growth slows more than expected in Q3 due to Covid-19 wave

Southeast Asia's largest economy grew 3.51% in the July-September quarter from the same period last year, below the previous quarter's 7.07% expansion.

Southeast Asia's largest economy grew 3.51% in the July-September quarter from the same period last year, below the previous quarter's 7.07% expansion, Statistics Indonesia data showed.

The main stock index gave up some gains after the data to trade up 0.02%, falling from 0.3% at the open, while the rupiah weakened. The virus containment measures hit household consumption, which slowed to 1% in the third quarter from 6% in the previous three months. Private consumption accounts for more than half of the country's gross domestic product.

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