Indonesia's recovery hopes intact despite dismal Q1
Economy grows by lower-than-expected 4.92% in Q1, but economists still expect over 5% growth in 2016
Jakarta
INDONESIA reported lower-than-expected growth in the first quarter, but many economists still expect enough of a rebound this year for the country to avoid further slowing and grow more than 5 per cent in 2016.
The statistics bureau said on Wednesday that South-east Asia's largest economy expanded an annual 4.92 per cent in the January-March quarter, below the median 5.05 per cent in a Reuters poll and the October-December pace of 5.04 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin