Indonesia’s Q2 growth at 5.01% y-o-y, below expectation

• Aug 07, 2017

JAKARTA, Aug 7 (Reuters) – Indonesia’s economy grew at the same pace in the second quarter as in 2017’s first period, below market expectations, statistics bureau data showed on Monday. Southeast Asia’s largest economy grew 5.01% in April-June from the same period last year, the bureau said, identical with the first quarter result.

A Reuters poll forecast 5.10% annual growth for the three months ended in June.

On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) expanded by 4.00% in April-June.

The government targets the economy to grow 5.2% this year, while the central bank forecasts growth in the middle of the 5.0-5.4% range.

Source: http://www.bangkokpost.com/business/world/1301614/indonesias-q2-growth-at-5-01-y-o-y-below-expectation