Indonesia has growth spurt in second quarter

Indonesia's economy grew at its slowest annual pace in seven years in the
second quarter but expanded quicker on a quarterly basis than the previous
three months, officials said Monday. Economists said the
stronger-than-expected data suggest the central bank's focus will shift
toward containing inflation rather than stimulating growth. The economy grew
four percent from a year earlier in the second quarter, slowing from 4.37
percent on-year in the first three months, the Central Statistics Agency
said. Economists had predicted the slowdown, citing the boost to economic
output last year from a spike in prices of commodities that Indonesia
exports. On-quarter, Southeast Asia's largest economy grew 2.30 percent
thanks to election-related spending. This was stronger than the revised
growth of 1.70 percent in the January-March quarter.