RI economy grows 6.1 percent in Q3
The global economic downturn has been blamed for slowing growth in the Indonesian economy which was recorded at 6.1 percent for the third quarter of 2008, according to data from the Central Statistics Agency (BPS).
The Q3 growth was 0.4 percent lower than the 6.5 percent recorded for same period last year, BPS data shows.
The drop in global commodity prices, including crude palm oil and aluminum, decreased Indonesia's export volume which had contributed to the slowing economic performance, Kompas.com reported Monday.
Another contributing factor mentioned was the high prices of fuels, water and electricity.
The economy was moving slower but had still recorded a growing performance thanks to high consumption during the fasting month and Idul Fitri holidays, BPS chairman Rusman Setiawan said on Monday.
During the third quarter, he said, there had been declining growth in some countries, including the United States, Japan and the United Kingdom which had recorded 1.6, 0.7 and 1 percent growth, respectively. (ewd)