Indonesia's economy grew 6.3% from a year ago in Q1, 1.4% from Q4 2011, driven by increases in agriculture, livestock, forestry, fishing
May 7, 2012
– Indonesia's economy grew 6.3 percent from a year earlier in the first quarter, withstanding headwinds from Europe and the U.S. as industries such as agriculture and forestry expanded.
The Central Statistics Agency said Monday that growth was driven by increases in the agriculture, livestock, forestry and fishing sectors. The economy grew 1.4 percent compared with the last quarter of 2011.
Indonesia's economy grew 6.5 percent in 2011, which was its fastest growth since the 1997-98 Asian financial crisis.
The country's central bank lowered its benchmark interest rate by a quarter percentage point to 5.75 percent in February to counter a weakening global economy.
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