Indonesia’s gross domestic product (GDP) expanded 5.02% year-on-year (y/y) in 2016, effectively ending the nation’s economic slowdown that occurred in the years 2011-2015. The Government’s revised target was achieved. What’s worrying is that Indonesia’s GDP growth in the fourth quarter (Q4) of 2016 slowed to 4.94% (y/y) from a growth pace of 5.01% (y/y) in the third quarter of 2016. Indonesia’s GDP shrank 1.77% quarter-on-quarter in the fourth quarter of 2016, compared to a downwardly revised 3.13% growth in the September quarter, reported. It was the first contraction in three quarters and in line with markets estimates of a 1.8% decrease, as private consumption stalled while investment rose further and government spending and exports rebounded.To subscribe please click here