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Indonesia Q1 GDP growth misses forecast as investment cools

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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. Read more at The Business Times.

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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