Indonesia’s Q4 GDP growth weakest in three years

February 5, 2020

JAKARTA - Indonesia's economy ended 2019 on a weak note, with GDP growth moderating further to 4.97% in Q4 from 5.02% y/y in Q3, the softest reading in three years.

Domestic demand continued to soften, while a sharper contraction in imports relative to exports resulted in a boost to net export growth.

A research note from ANZ Bank says that unless commodity prices stage a strong rebound, or global growth picks up materially, Indonesia's growth is likely to remain stuck around the current pace in coming quarters. (ATI)