JAKARTA. Indonesia's economic growth stagnated at 5.01 percent year on year (yoy) in the second quarter compared to the first quarter, the Central Statistics Agency (BPS) announced on Monday in Jakarta. Private consumption, which accounts for more than half of the country's gross domestic product (GDP), grew by 4.95 percent yoy, slightly higher than the 4.94 percent recorded in the first three months of the year. "This is evidence that our consumption continues to grow strongly," BPS head Suhariyanto told Monday's press conference.
RI economy expands by 5.01% yoy in Q2
JAKARTA. Indonesia's economic growth stagnated at 5.01 percent year on year (yoy) in the second quarter compared to the first quarter, the Central Statistics Agency (BPS) announced on Monday in Jakarta. Private consumption, which accounts for more than half of the country's gross domestic product (GDP), grew by 4.95 percent yoy, slightly higher than the 4.94 percent recorded in the first three months of the year. "This is evidence that our consumption continues to grow strongly," BPS head Suhariyanto told Monday's press conference.