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Indonesia's Economic Growth Moderates In Q1

The Indonesian economy grew at slower pace in the first quarter of 2012, reports said Monday citing figures released by Statistics Indonesia.

The gross domestic product expanded 6.3 percent year-on-year in the first quarter, slower than 6.5 percent growth in the fourth quarter of 2011. The outcome was in line with economists' expectations.

On a quarterly basis, the GDP rose 1.4 percent following a 1.3 percent contraction in the preceding three-month period. Expectations were for a 1.47 percent growth.

by RTTNews Staff Writer

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