Indonesia's gross domestic product grew more slowly than expected in the first quarter of this year, as investment dropped and prices of its main commodities softened, data from the statistics bureau showed on Monday.INDONESIA'S gross domestic product grew more slowly than expected in the first quarter of this year, as investment dropped and prices of its main commodities softened, data from the statistics bureau showed on Monday.
Despite missing expectation, Masyita Crystallin, an economist with DBS, described the data as"pretty good considering pressure from external factors", noting other world economies were also growing more slowly. Fakhrul Fulvian, an economist at Trimegah Securities in Jakarta, said with economic and investment growth slowing, the current account deficit should shrink this year.
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Hi-P posts surprise Q1 earnings growth on lower forex costsMAINBOARD-LISTED contract manufacturer Hi-P International's gross profit took a hit from pricing pressures and product mix, according to first-quarter results released on Thursday. Read more at The Business Times.
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