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Indonesia prospects brighten as poll predicts 5.6pc GDP growth
INDONESIA's economic prospects appear to be brightening as inflation slows and a Reuters poll shows expectations of a 5.6 per cent increase in GDP growth.
"We are looking for a 1Q real GDP growth print of 5.6 per cent year-on-year, driven by a combination of weak investment growth but resilient private consumption spending, thanks to pre-election spending," Credit Suisse said in a research note.
Exports rose 1.24 per cent from a year earlier, bolstered by stronger palm oil shipments and demand from China and Japan. The median forecast of analysts was for a drop of 1.3 per cent. Imports fell 2.34 per cent.
"We are looking for a 1Q real GDP growth print of 5.6 per cent year-on-year, driven by a combination of weak investment growth but resilient private consumption spending, thanks to pre-election spending," Credit Suisse said in a research note.
Exports rose 1.24 per cent from a year earlier, bolstered by stronger palm oil shipments and demand from China and Japan. The median forecast of analysts was for a drop of 1.3 per cent. Imports fell 2.34 per cent.
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