Indonesia sees 5.07-percent economic growth in Q1

Source: Xinhua | 2019-05-07

Indonesia's gross domestic product (GDP) growth rose 5.07 percent in the first quarter compared with the same period a year ago, the national statistics bureau said on Monday.
In comparison, the GDP increased increased 5.18 percent in the preceding quarter, according to the bureau.
Household consumption, accounting for over a half of the GDP, ticked down while the investment grew slowly, head of the bureau Kecuk Suhariyanto said.
"Realization of investment accelerated but the growth was slow," he told a press conference.
Shipments of products offshore drifted off 8.5 percent from January to March year-on-year.
Investment in the first quarter posted a 5.3-percent growth on a yearly basis from an 11.8-percent expansion in the same period last year, data from the investment coordinating board showed.
Experts said the recent presidential and parliamentarian polls accelerated the economy in the first quarter.
They added that the country's central bank has the opportunity to avoid raising interest rate in the wake of expected dovish-tone from the U.S. Federal Reserve for this year.
The government forecast growth of 5.3 percent this year and 5.6 percent next year after registered a 5.17-percent expansion last year.