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Indonesia’s economic growth improves slightly in Q1 on year

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/05/2017 (12:02)
According to media reports, Indonesia’s gross domestic product (GDP) rose by 5.01% year-over-year in the January-March period after a growth of 4.94 % in the previous quarter. However, the country’s GDP decreased 0.34% in Q1 of 2017 quarter-on-quarter.

The country’s GDP growth came in line with the expectations of a growth of 5.1%.

The reports revealed that the highest growth in production was recorded in information, communication and business fields. On the expenditure side, meanwhile, exports of goods and services climbed by 8.04%.

Economists expect the country’s economic growth to be stable at 5% for the following year.
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