Indonesia's GDP expands 5.07% y/y in Q1, misses estimates
5/6/2019 4:11:27 AM
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Indonesia's economy expanded less quickly than expected in the first quarter of 2019, the latest government data showed on Monday. Southeast Asia's la

Indonesia's economy expanded less quickly than expected in the first quarter of 2019, the latest government data showed on Monday.

Southeast Asia's largest economy grew 5.07% in January-March from a year earlier vs. 5.18% growth seen in Q4 2018 and 5.18% expectations.

On a quarterly, Indonesian gross domestic product (GDP) contracted 0.52% in Q1 2019 vs. -1.69% previous and -0.40% expected

The GDP growth rate was still below the government's growth target for last year of 5.4% and way below the 7% level that President Joko Widodo pledged to achieve.