Indonesia's economy expanded at a faster-than-expected pace in the first quarter on the back of robust household spending and foreign demand, official data revealed on Friday.
Gross domestic product grew 5.03 percent on a yearly basis in the first quarter, following the fourth quarter's 5.01 percent expansion in the preceding period. The rate was also faster than economists' forecast of 4.95 percent. Moreover, the latest figure marked the eighth straight quarter of expansion.
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