Indonesia's GDP growth set to slow in Q3 as COVID-19 curbs bite

 as restrictions imposed to prevent the spread of coronavirus delta variant put brakes on an async recovery, Indonesia's economic growth is expected to have slowed significantly in the third quarter. Well, after reporting annual growth of 7.07 in the second quarter, the strongest in nearly two decades, Southeast Asia's biggest economy, only grew 3. 76 in July September period, compared with the same three months last year. If realized, it would also be well below the latest government forecast for the third quarter.


Growth of 4. 5 percent on a quarter and quarter basis, the growth was expected to have slowed to 1. 8 percent from 3.3. In the second quarter. It was based on smaller samples or forecasts.


All the government has gradually eased locked down restrictions after sharp fallen, corvette cases since July. When Indonesia was Asia's Covid epicenter, The country is still not completely free from viruses with year-end holidays. Just around the corner, festival gathering and increased mobility could trigger the third wave of covid infections.


Experts fear all that, along with an economic slowdown in china Indonesia's biggest trade partner, it would pose a significant risk to the resource-rich countries.

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