Indonesia Notches 5% Growth as Outlook Hinges on Vote Result
- GDP expanded 5.04% in fourth quarter, in line with 5% estimate
- Government assures political stability ahead of Feb. 14 polls
This article is for subscribers only.
Indonesia’s economic growth returned to 5% in the fourth quarter, boosted by exports and government spending as a limited boost from election spending kept consumption and investment tepid.
Gross domestic product rose 5.04% in the October-December period from a year ago, according to the statistics agency on Monday. That compares with the 5% median estimate in a Bloomberg survey and the 4.94% pace clocked in the third quarter. On a quarterly basis, output increased 0.45%.