KONTAN.CO.ID - JAKARTA. Indonesia's economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters and faster than expected, data from the statistics bureau showed on Monday. Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period. Annual growth in the fourth quarter was 5.04%. On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) shrank 0.83% in the first quarter, compared with a 0.89% contraction forecast in the poll.
Indonesia's Q1 GDP Growth Beats Forecasts, at Highest in 3 Quarter
KONTAN.CO.ID - JAKARTA. Indonesia's economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters and faster than expected, data from the statistics bureau showed on Monday. Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period. Annual growth in the fourth quarter was 5.04%. On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) shrank 0.83% in the first quarter, compared with a 0.89% contraction forecast in the poll.
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