Indonesia Faces Economic Slowdown Amid Manufacturing Decline

Recent reports indicate that Indonesia's economic growth may experience its most significant slowdown in a year due to a downturn in the manufacturing sector. The nation's central bank has projected that the country's growth rate will decline to around 5.1% for the fourth quarter of 2024, a notable drop from earlier predictions. This grim forecast comes as manufacturing activity, a critical component of Indonesia's economy, shows signs of struggling to maintain momentum in the wake of global economic uncertainties.

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