Indonesia’s Growth Beats Estimates on Resilient Consumption
- GDP expands 5.03% in first quarter, beating 4.97% forecast
- Exports growth decelerates as global commodity boom recedes
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Indonesia’s economy accelerated last quarter as the nation benefited from strong domestic consumption, even as exports took a knock from slowing global demand.
Gross domestic product rose 5.03% in the three months through March from a year ago, the statistics office said on Friday. That was faster than the median estimate of 4.97% in a Bloomberg survey of economists.