Economy

Indonesian household spending seen stable, investment to rise in Q4 – Finance Minister


FILE PHOTO: Indonesian Finance Minister Sri Mulyani Indrawati speaks during the launching of the pandemic fund, ahead of the G20 Summit in Nusa Dua, Bali, Indonesia, November 13, 2022. REUTERS/Willy Kurniawan

JAKARTA (Reuters) – Indonesian household spending will likely remain stable in the fourth quarter, while investment will probably rise, Finance Minister Sri Mulyani Indrawati said on Thursday.

For the whole of 2022, gross domestic product is seen expanding within a range of 5% to 5.3%, Sri Mulyani said in a news conference. Indonesia’s 2021 economic growth was 3.7%.

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