Indonesia’s Gross Domestic Product (GDP) witnessed a marginal deceleration, stopping at 5.05% in the second quarter of 2024, as per the latest data updated on 05 August 2024. This marks a slight fall from the first quarter’s GDP growth rate of 5.11%.While the nation had shown promise with a solid performance in the first quarter, the pace has marginally declined during the April-June period this year. This indicator is compared on a year-over-year basis, meaning the annual growth for Q2 2024 is compared to the same quarter in 2023, offering a broader perspective on economic health.The slight dip signals potential challenges or slowdowns in certain sectors, demanding close monitoring in the following quarters. Stakeholders and policymakers may need to analyze the underlying factors contributing to this subtle drop to ensure sustained economic resilience and robustness.The material has been provided by InstaForex Company – www.instaforex.com
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