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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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.