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Indonesia GDP grows 7.07% in Q2 for first expansion in 5 quarters

But social restrictions to curb delta variant set to slow economy in coming months

A general view of the skyline of Jakarta, the capital city of Indonesia, on August 5.   © Reuters

TOKYO -- Indonesia's economy grew for the first time in five quarters in the April-June period, recording its strongest expansion in more than a decade.

Indonesia's real gross domestic product rose 7.07% in the second quarter from a year earlier, data from the country's statistics agency showed Thursday, faster than the median forecast of 6.57% by 22 analysts polled by Reuters. This was the fastest GDP growth since the fourth quarter of 2004, according to data from CEIC. The expansion was given a leg up from a low base effect, with GDP having contracted 5.3% in the same period last year.

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