KONTAN.CO.ID - JAKARTA. The Indonesian economy grew 5.19 percent year-on-year (yoy) in the fourth quarter of 2017, slightly above the 5.06 percent recorded in the previous quarter, the Central Statistics Agency (BPS) announced on Monday. The latest figure brings full-year economic growth for 2017 to 5.07 percent, well below the government’s state budget assumption of 5.2 percent. However, economic growth in 2017 was higher than the 5.03 percent recorded in 2016.
GDP up 5.07 percent in 2017 despite slow growth in govt spending
KONTAN.CO.ID - JAKARTA. The Indonesian economy grew 5.19 percent year-on-year (yoy) in the fourth quarter of 2017, slightly above the 5.06 percent recorded in the previous quarter, the Central Statistics Agency (BPS) announced on Monday. The latest figure brings full-year economic growth for 2017 to 5.07 percent, well below the government’s state budget assumption of 5.2 percent. However, economic growth in 2017 was higher than the 5.03 percent recorded in 2016.
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