Indonesia sees Q3 GDP growth at 4.3% y/y, warns of future headwinds - NewsBreak
By Vikash in Business
Updated 3 years ago
JAKARTA (Reuters) -Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.3% in the third quarter, refining an earlier forecast for 4-5% growth, but headwinds lie ahead, its finance minister warned on Monday. Southeast Asia's largest economy grew 7.07% in the second quarter, but a new wave of COVID-19 infections in July, triggered by the spread of the Delta variant, and measures to control the outbreak have hurt its economic recovery.