Indonesia: 2021 GDP surprised to the upside – UOB By pabspiovano Indonesia GDP Growth Banks
Economist at UOB Group Enrico Tanuwidjaja and Yari Mayaseti comment on the latest GDP figures in Indonesia.“Indonesia’s economy expanded by 5.02% y/y in 4Q21, a notable increase from previous quarter which grew by 3.51% y/y and above the market consensus of 4.90%. Sequentially, Indonesia’s economy advanced by 1.06% q/q in 4Q21.
“Higher than expected 4Q21 growth was also well reflected in the mobility indicator level that recently rose compared to the pre-pandemic level as well as the strengthening of Indonesia’s Purchasing Manager Index that reached 53.5 in Dec 2021, a slight decline from 53.9 in Nov 2021.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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