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Economy

Indonesia's growth slows as consumption fails to pick up

After tsunami and plane crash, more headwinds hit Joko Widodo ahead of election

Consumer spending in Indonesia turns out to be lackluster in third quarter.   © Reuters

JAKARTA -- Indonesia's economic growth slowed for the third quarter of this year as consumption failed to pick up despite the country hosting a major sports event during the period.

Badan Pusat Statistik, the country's central statistics agency, on Monday said gross domestic product had grown by an inflation-adjusted 5.17% on an annual basis in the three months to September, slower than in the second quarter when it clocked 5.27% growth, the fastest pace since the fourth quarter of 2013.

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