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Indonesia economy loses steam in Q2 amid US-China trade war

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JAKARTA - Indonesia posted its slowest rate of quarterly growth in two years on Monday as Southeast Asia's biggest economy feels the sting of US-China trade tensions. Growth weakened to 5.

JAKARTA - Indonesia posted its slowest rate of quarterly growth in two years on Monday as Southeast Asia's biggest economy feels the sting of US-China trade tensions.

Indonesia is grappling with weaker prices for key commodities like coal and palm oil, as the global economy falters on the back of US President Donald Trump's intensifying trade war with China. The sagging growth serves up a fresh challenge to Indonesian President Joko Widodo, who was re-elected earlier this year largely on his infrastructure-driven bid to energize the economy.

 

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