Economics
Indonesia’s Economic Growth Disappoints as Exports Slump
- GDP expanded 5.07% in first quarter, lower than 5.2% estimate
- Domestic spending accelerated, while exports contracted
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Indonesia’s economic growth slowed in the first quarter amid a global slowdown that hurt the nation’s exports.
Gross domestic product, the broadest measure of goods and services produced in the economy, rose 5.07 percent in the first quarter from a year ago, lower than the 5.2 percent median estimate in a Bloomberg survey of economists. Compared with the previous quarter, GDP fell 0.52 percent versus an estimated contraction of 0.42 percent.