Indonesia’s GDP grew by 5.1% in the first quarter

Indonesia’s GDP growth in the first quarter of this year was 5.07% compared to the same period a year earlier, official data showed a slowdown compared with a rise of 5.18% in the previous quarter. According to experts, it was expected to maintain growth at the level of 5.18%. Compared with the last quarter of last year, the Indonesian economy shrank by 0.52%, which exceeded the decline predicted by economists by 0.4%. Indonesia reduced exports by 2% year-on-year, due to a slowdown in global economic growth, as well as lower prices for such key export goods as palm oil and coal. Government spending rose by 5.2%, consumer spending – by 5%. The Indonesian government expects that in 2019, the country’s economy will show the highest growth rates since 2013, an increase of 5.3%.

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