{
  "id": 18255402,
  "title": "Indonesia’s economy picks up pace in Q3",
  "url": "https://urgent.news/2026/11/05/indonesias-economy-picks-up-pace-in-q3",
  "topic": "world",
  "section": "World",
  "published": "2026-11-05T05:39:43.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/05/indonesia-s-economy-picks-up-pace-in-q3"
  },
  "original_language": "en",
  "account": "Indonesia's economy experienced a stronger growth in the third quarter, surpassing initial estimates, according to official data released on Thursday. Led by robust household spending and investment, the nation's largest economy expanded by 5.5% from July to September, outpacing the 5.2% growth forecasted by economists in a Bloomberg survey. This surge was primarily fueled by heightened household and government expenditure, together with an increase in investment, as reported by Statistics Indonesia's Moh Edy Mahmud. Household expenditure, the primary driver of the growth, increased by 5% year-on-year, while investment surged by 6.1%. Government expenditure also saw a notable rise of nearly 9%. Manufacturing, trade, construction, and the information and communication sectors also played their part in this economic growth. President Prabowo Subianto aims to achieve an 8% growth target by 2029, a challenging objective that some experts consider difficult to attain. The latest figures indicated that domestic demand was stronger than anticipated, with investment and government expenditure remaining resilient. Bank Danamon Indonesia economist Irman Faiz noted that this expansion could continue into the fourth quarter, potentially propelling the economy to grow by 5.4% in the current year and 5.1% in 2027.",
  "summary": "Southeast Asia's largest economy expanded 5.5% in July-September, up from 5.3% in the previous three months.",
  "key_points": [
    "Indonesia's economy grew 5.5% in Q3, surpassing forecasts",
    "Household spending and investment led the growth surge",
    "Government expenditure rose nearly 9% in the quarter"
  ],
  "editors_take": "Strong domestic demand and rising investment levels provide the necessary momentum for the administration to pursue its ambitious long-term growth targets despite skepticism regarding their ultimate feasibility.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}