Indonesia posts faster-than-expected 5.6% first-quarter GDP growth
Updated
Updated · Bloomberg · May 5
Indonesia posts faster-than-expected 5.6% first-quarter GDP growth
14 articles · Updated · Bloomberg · May 5
Finance Minister Purbaya Yudhi Sadewa said the result showed Indonesia had broken its "5% growth curse", while stocks and the rupiah rose on Wednesday.
The expansion put Indonesia among Asia's fastest-growing economies, with the government saying its strategies were working despite disruption from the Middle East war.
Earlier data showed growth was the fastest since Q3 2022, helped by Eid spending and front-loaded demand, but analysts warned fading fiscal support and rupiah pressure could slow momentum.
Amidst record economic growth, why are millions of Indonesians still unemployed?
Is Indonesia's economic boom a true success story or a bubble fueled by unsustainable government spending?