India, Nov. 5 -- Indonesia's economic growth accelerated in the third quarter driven by strong increases in government spending and investment, official data showed Thursday. Gross domestic product grew 5.47 percent year-on-year in the third quarter, Statistics Indonesia said.
Economists had forecast the growth rate to ease to 5.2 percent from 5.29 percent seen in the second quarter.
On a quarterly basis, GDP grew 1.59 percent, which was also faster than forecast of 1.30 percent.
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