The Financial Express

Indonesia’s GDP growth slows in Q3 due to Covid-19 wave

| Updated: November 19, 2021 16:35:49

Indonesia’s GDP growth slows down to 3.51pc in Q3

Indonesia's economic growth in the third quarter of this year slowed down to 3.51 per cent year-on-year (yoy), as the country tightened its public mobility restrictions, locally known as PPKM, amid the second wave of coronavirus transmission, the Statistics Indonesia (BPS) announced on Friday.

"The PPKM has a big impact, as it hampers mobility and disrupts economic activities as a whole," BPS' head Margo Yuwono said at a virtual press conference.

This growth rate was lower than the government's forecast of 4.5 per cent and the central bank's estimate of 5.0 per cent, reports Xinhua.

Yuwono added that the economy of the Southeast Asian country has begun to show signs of recovery since August, as the nation has succeeded in controlling the second wave of coronavirus transmission.

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