Indonesia’s Q1 GDP growth falters to 4.7% y/y – A wake up call for Jokowi?
Published on Tuesday, May 5, 2015
Indonesia’s Q1 GDP growth falters to 4.7% y/y – A wake up call for Jokowi?
Summary
Indonesia’s real GDP growth sputtered to a weaker than expected 4.7% y/y in Q1 2015, its slowest pace since September 2009, compared to 5.0% in 4Q14. The disappointing GDP outturn exacerbates Indonesia’s already dim growth outlook, adds to Bank Indonesia's policy dilemma, and serves a wake up call for President Jokowi to accelerate the long promised structural reforms.
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- Asia
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- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist