Indonesia’s strong GDP data prompts ‘resilient but uneven’ growth forecasts

Indonesia’s faster-than-expected economic growth in the second quarter has offered a ray of hope for a sustainable turnaround after months of negative news over the rupiah, investor confidence and global uncertainties. Analysts, however, urged caution about the country’s economic outlook in the coming quarters, saying the latest data also revealed uneven sectoral performance and a reliance on government spending. Southeast Asia’s largest economy grew 5.29 per cent year on year in the…