Indonesia’s economic growth slows in Q4
For all 2016, the country’s economy expanded by 5.02% when compared to 4.88% in 2015 and matched the forecasts.
In the fourth quarter, Indonesia’s household consumption rose 4.99% on a yearly basis while government spending was down by 4.05%.
President Joko Widodo had targeted a 7% growth rate for Southeast Asia’s biggest economy despite the obstacles set by lower commodity prices and weaker global demand. Economists expect the country’s economic growth to be stable at 5% for the following year.
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