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@jeftaimages
05:43
Economic Growth in Indonesia Remains Solid
Workers load goods onto a ship at the Sunda Kelapa Port in Jakarta, Indonesia. Indonesia's economy grew faster than expected in the first quarter, as consumer and government spending offset a slowdown in exports and investment in Southeast Asia's largest economy. The latest data published by BPS-Statistics Indonesia indicates 5.03% (yoy) national economic growth in the first quarter of 2023, up slightly from 5.01% (yoy) in the previous period. Bank Indonesia projects solid economic growth in 2023 with a bias towards the upper bound of the 4.5-5.3% range on the back of improving domestic demand and persistently strong export performance.
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