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Indonesia Q3 GDP growth at 5.47%, beats expectations
JAKARTA: Indonesia’s economy expanded 5.47% in the third quarter from a year earlier, official data showed on Thursday, faster than the 5.18% forecast in a Reuters poll. Indonesia’s economic growth in the second quarter stood at 5.29%. Southeast Asia’s largest economy has contended with weaker investor sentiment this year amid heightened scrutiny of the government’s fiscal plans and its broader policy directions, as well as lingering downgrade risks on its stock market. Growth was supported by sectors such as manufacturing, including the processing of palm oil to produce fuel as Indonesia expa...
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