Indonesia GDP Growth Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2024
0mins
Source: Business Insider
- Indonesia's Economic Growth:
- Indonesia's economy grew more than expected in the first quarter of 2023, with a 5.11% annual growth rate.
- Government spending was robust, contributing to this growth.
- Household consumption increased by 4.91%, and government spending saw a double-digit growth of 19.9%.
- Investment growth remained subdued at 3.79%, while exports only gained 0.5%.
- Economists predict that Bank Indonesia may start its monetary easing cycle in October due to weak economic activity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
