KONTAN.CO.ID - JAKARTA. Indonesia recorded faster than expected economic growth in the January to March quarter, official data showed on Friday, as Southeast Asia's largest economy continues its recovery from the pandemic. Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in a Reuters poll and slightly above the 5.01% growth in the fourth quarter. Indonesia's post-pandemic recovery has been helped by a commodities-led export boom, though analysts expect a slowdown in growth as commodity prices ease and monetary policy tightening around the world hits global demand.
Indonesia Q1 GDP Growth Beats Expectation at 5.03% Year on Year
KONTAN.CO.ID - JAKARTA. Indonesia recorded faster than expected economic growth in the January to March quarter, official data showed on Friday, as Southeast Asia's largest economy continues its recovery from the pandemic. Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in a Reuters poll and slightly above the 5.01% growth in the fourth quarter. Indonesia's post-pandemic recovery has been helped by a commodities-led export boom, though analysts expect a slowdown in growth as commodity prices ease and monetary policy tightening around the world hits global demand.