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.
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