Indonesia Q3 GDP growth weakest
Indonesia Q3 GDP growth weakest
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00:00 Indonesia's economic growth performance for the past quarter fell below expectations.
00:05 Latest data gathered show exports did not fare up to par and domestic consumption slowed down.
00:11 Gross domestic production grew to sub-5% from July to September, falling short by a tenth of a percent,
00:18 the forecast by analysts, and nearly a quarter of a percent off from GDP of 5.17% obtained in the second quarter.
00:27 Last year, Southeast Asia's largest economy chalked up its biggest growth at 5.3%,
00:33 as it rode the tailwinds of a global economy boom.
00:37 Then again, economic analysts also forecast a cool-down in growth this year due to tighter monetary policies,
00:44 sliding commodity prices, and a reversal in global economic growth from last year.