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Indonesia's economy contracted (slowed) by 1.77 percent in the fourth quarter of 2016 (Q4 2016) compared to the previous quarter (QoQ). This slowdown was caused by a significant decline in the agriculture, forestry, and fisheries sector, reaching 21.24 percent. This was due to seasonal factors affecting several agricultural commodities.
Furthermore, declines were also observed in the financial and insurance services sector (0.81 percent), the manufacturing industry (0.69 percent), and the wholesale and retail trade; repair of motor vehicles and motorcycles sector (0.4 percent). The slowdown in Q4 2016 was the second time since 2015.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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