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Economy

Indonesia's GDP bounce softens to 3.51% in Q3

Latest data shows significant drop-off from Q2 spurt of 7.07%

A shopping mall in Jakarta. Over 75% of the Indonesian capital's population has been fully vaccinated, which has acted as a booster shot for the entire nation's economy.   © Reuters

JAKARTA -- Indonesia's economy in the third quarter continued to bounce back from its COVID-induced slowdown, albeit at a slower pace than the previous quarter.

Indonesia's real gross domestic product rose 3.51% in the third quarter from a year earlier, according to data that the country's statistics agency released on Friday. This was weaker than the median forecast of 3.76% by 21 analysts polled by Reuters. The country's finance ministry had forecast year-on-year GDP growth of 4.5% for the three months ended in September.

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