Indonesia’s Q4 GDP picks up pace

Indonesia’s economy grew at a faster annual pace than expected in the fourth quarter, as domestic consumption remained strong despite aggressive tightening by the central bank.

Gross domestic product rose 5.72 per cent in the October-December period from a year earlier, buoyed by firmer exports on a weaker rupiah and growth in the transportation and communications sectors, the statistics bureau said yesterday.

The result beat expectations of 5.30 per cent year-on-year growth and was faster than a 5.62 per cent rise in the third quarter. Reuters