Indonesia’s current positive growth trend has beaten estimates on resilient consumption

Image from Jakarta Post/ANN

JAKARTA, May 7 (Bloomberg): Indonesia’s economy accelerated last quarter as the nation benefited from strong domestic consumption, even as exports took a knock from slowing global demand.

Gross domestic product rose 5.03% in the three months through March from a year ago, the statistics office said on Friday. That was faster than the median estimate of 4.97% in a Bloomberg survey of economists.