Indonesia’s economy grew by 1.5% QoQ in Q3 2024, slightly below forecasts, following a 3.79% increase in Q2. The slowdown is linked to declines in private consumption and government spending. Annually, GDP rose 4.95%, the slowest since Q3 2023, posing a challenge for President Prabowo Subianto, who aims for 8% growth by 2029.