Saturday, April 1

Indonesia Q4 GDP growth accelerates to 5% y/y

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JAKARTA — Indonesia’s economy grew 5.02% in the final quarter of 2021, slightly faster than expected, on the back of high commodity prices and the loosening of anti-virus curbs, data from the statistics bureau showed on Monday.

Analysts polled by Reuters had expected growth in Southeast Asia’s largest economy to accelerate to 4.90% in the October-December quarter from a year earlier, from 3.51% in the previous three months.

The economy grew 3.69% in 2021, compared with a 2.07% contraction the year before. (Reporting by Gayatri Suroyo, Fransiska Nangoy and Stefanno Reinard Sulaiman; Editing by Sam Holmes)