Indonesia's economy grew 5.03% in 2024, roughly similar to the previous year's rate and in line with expectations, but the pace was the slowest in three years, official data showed on Wednesday, raising hopes of further stimulus measures.

Indonesia's economy grew by 5.03% in 2024, a slight slowdown from the 5.05% growth recorded in 2023, according to the Central Statistics Agency (BPS). The data reflect steady economic expansion despite global uncertainties.

Indonesia's economy grew 5.03% in 2024, roughly similar to the previous year's rate and in line with expectations, but the pace was the slowest in three years, official data showed on Wednesday. Growth in Southeast Asia's largest economy has hovered around 5% since the COVID-19 pandemic,