KONTAN.CO.ID - JAKARTA. Indonesia’s gross domestic product (GDP) grew 5.1 percent in the first quarter, consistently within a narrow range of 4.9-5.3 percent for the last 14 quarters, according to the World Bank’s June 2019 Indonesia Economic Quarterly released on Monday. “Despite capital outflows from emerging markets in 2018 that were larger than during the ‘taper tantrum’ in 2013, Indonesia’s economy remains strong, which helped reduce poverty to a record low of 9.7 percent in September 2018,” said Rodrigo A. Chaves, World Bank country director for Indonesia and Timor-Leste in a press statement. “To accelerate growth from current levels, Indonesia needs further and sustained structural reforms, while maintaining solid fiscal and monetary policies.”
Indonesia’s GDP grows 5.1 percent in Q1: World Bank
KONTAN.CO.ID - JAKARTA. Indonesia’s gross domestic product (GDP) grew 5.1 percent in the first quarter, consistently within a narrow range of 4.9-5.3 percent for the last 14 quarters, according to the World Bank’s June 2019 Indonesia Economic Quarterly released on Monday. “Despite capital outflows from emerging markets in 2018 that were larger than during the ‘taper tantrum’ in 2013, Indonesia’s economy remains strong, which helped reduce poverty to a record low of 9.7 percent in September 2018,” said Rodrigo A. Chaves, World Bank country director for Indonesia and Timor-Leste in a press statement. “To accelerate growth from current levels, Indonesia needs further and sustained structural reforms, while maintaining solid fiscal and monetary policies.”