Indonesia grows at best pace in four years

Optimistic outlook: A file picture shows traffic flowing down a motorway past continuing construction of Jakarta’s new light rail transit system. GDP rose 5.19 in Q4 from a year earlier. — AFP

JAKARTA: Indonesia’s economy grew at its fastest pace in four years in October-December, propped up by investment and government spending, but sluggish consumption is still keeping growth from moving much above 5%, where it has been for years.

In the fourth quarter, gross domestic product rose 5.19% from a year earlier, the highest since 2013’s last period, while full-year growth was 5.07%, making 2017 the best year since 2013.