Indonesia sees soft start to growth in 2019

May 6, 2019

JAKARTA - Indonesia's GDP growth eased in Q1, broadly in line with expectations. Government spending growth picked up ahead of the April elections, and private consumption growth edged up, but these were offset by a pullback in investment growth and a slump in exports.

ANZ Bank says the sluggish outturn in Q1 supports its view for rate cuts in 2019, but that recent volatility in the rupiah suggests a move next week is not on the