JAKARTA: Indonesia’s economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start South-East Asia’s biggest economy.
The data throws a harsh light on President Joko Widodo, whose business-friendly credentials have already been questioned six months into his tenure, with policy inertia and rifts inside his own party undercutting an ambitious economic revival plan.
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