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Investing.com -- Indonesia’s economy recorded a growth of 5.03% in 2024, maintaining a similar pace to the previous year, according to official data released on Wednesday. This growth rate, while consistent, was the slowest observed in the past three years.
The economic growth of Southeast Asia’s largest economy has remained around 5% since the onset of the COVID-19 pandemic. While this growth is considered solid, it falls short of the 8% target set by the newly elected President Prabowo Subianto for his term ending in 2029. In 2023, the Indonesian economy grew by 5.05%.
This steady, albeit slower, growth rate has spurred anticipation of further stimulus measures to boost the economy. The specifics of these potential measures are yet to be disclosed.
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