Indonesia on Thursday will announce a third-quarter growth rate that's expected to be slightly better than the poor April-June number and which the government hopes will be the start of a sustained recovery after three years of slowdown.
Weak investment, falling consumer spending, high interest rates and low state expenditure contributed to annual growth declining to 4.67% in the second quarter, the slowest in six years.
President Joko Widodo, who pledged to lift annual growth to 7% on average during a five-year term that began a year ago, believes that faster state spending and a series of steps to boost activity helped the July-September rate reach 4.85%.
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Weak investment, falling consumer spending, high interest rates and low state expenditure contributed to annual growth declining to 4.67% in the second quarter, the slowest in six years.
President Joko Widodo, who pledged to lift annual growth to 7% on average during a five-year term that began a year ago, believes that faster state spending and a series of steps to boost activity helped the July-September rate reach 4.85%.
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