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Indonesia's GDP growth resilient in 2018 but risks loom


  • ASEAN
  • Wednesday, 6 Feb 2019

BI Governor Perry Warjiyo has also said interest rates are near their peak, suggesting a reduced chance of further interest rate increase hitting growth.

BI Governor Perry Warjiyo has also said interest rates are near their peak, suggesting a reduced chance of further interest rate increase hitting growth.

JAKARTA: Indonesia posted better than forecast GDP growth in the October-December quarter and for the full-year, but the outlook in 2019 looks less rosy as Southeast Asia's largest economy braces for elections and likely spillover from U.S.-China trade frictions.

Consumption, investment and government spending lifted gross domestic product in the final quarter of 2018 by 5.18 percent from a year earlier, a tick faster than the third quarter and also ahead of the 5.11 percent forecast in a Reuters poll.

ASEAN , Banking , Economy

   

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