Indonesia's GDP expands 5.07% y/y in Q1, misses estimates

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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