INQUIRER.net: Indonesian quarterly growth slowest since 2010

INQUIRER.net Philippine News for Filipinos

Indonesian quarterly growth slowest since 2010 May 7th 2013, 00:45 JAKARTA—Indonesia's economy expanded by 6.02 percent in the first quarter, official data showed Monday, the slowest pace in more than two years as exports fell due to the weak global economy.   It was the slowest quarterly, year-on-year growth in Southeast Asia's biggest economy since the third quarter of 2010 and came in below forecasts. The economy grew 6.11 percent in the fourth quarter of last year.   Exports fell by 4.33 percent compared to the previous quarter, according to the statistics agency. Economists attributed the slowing growth to a fall in demand for commodities.   Indonesia is the world's biggest producer of palm oil—found in a wi... Keep on reading: Indonesian quarterly growth slowest since 2010 Media files: indonesia-economy.jpg (image/jpeg)

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