Indonesia 2023 GDP growth slows to 5.1% on falling commodity prices


JAKARTA: Indonesia's annual economic growth fell slightly but remained solid at 5.05% last year, as falling commodity prices hit exports and tight monetary policy dampened demand.

The 2023 gross domestic product (GDP) growth rate, released by Statistics Indonesia on Monday, was close to the government's latest outlook of 5% and slightly below the 5.3% recorded in 2022, when economic activity was boosted by record exports amid a global commodity boom.

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