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Economy

Indonesia's economy expands as exports, consumption spur growth

Southeast Asian country's GDP rose 5.44% in 2nd quarter, accelerating from 1st

Higher commodity prices helped Indonesia's economy to expand in the quarter from April to June.   © Reuters

JAKARTA -- Indonesia's gross domestic product rose 5.44% in the April-to-June quarter, the country's statistics agency announced Friday, buoyed by exports and strong consumer spending during the Muslim holy month of Ramadan and the Eid al-Fitr holiday.

Economic growth held steady in Southeast Asia's largest economy in the second quarter of the year, according to data released by Statistics Indonesia. While the economy grew by 5.01% on the year in January to March, growth in the second quarter accelerated.

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