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Indonesia's Economic Growth Moderates In Q1

5/7/2012 12:49 AM ET

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 RTT Staff Writer

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