Indonesia sees q3 GDP growth at 4.5pc y/y.

Byline: S. Kamal Hayder Kazmi

Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.5 percent in the third quarter, refining an earlier forecast for 4-5 percent growth, but headwinds lie ahead, its finance minister warned on Monday. Southeast Asia's largest economy grew 7.07 percent in the second quarter, but a new wave of COVID-19 infections in July, triggered by the spread of the Delta variant, and measures to control the outbreak have hurt its economic recovery. Third quarter data is due to be released on Nov.5. Referring to the new third quarter forecast as an upward revision, Finance Minister Sri Mulyani Indrawati said indicators for domestic demand had improved...