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Indonesia Q4 GDP growth accelerates to 5% y/y -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A woman wearing a protective mask after Indonesia revealed its first cases COVID-19 (coronavirus disease) in Jakarta, Indonesia on March 5, 2020. REUTERS/Ajeng Dinar Ulfiana

JAKARTA, Reuters – Indonesia’s economy grew 5.02% during the last quarter 2021. This was slightly more than anticipated due to high commodity prices, and loosening anti-virus restrictions, according to data released Monday by the Statistics Bureau.

Reuters polled analysts and found that they expected Southeast Asia’s biggest economy to grow at 4.90% per quarter, up from 3.51% the three previous months.

Comparable to a contraction of 2.07% the previous year, the economy experienced a 3.69% increase in 2021.

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