The Indonesian economy expanded 5.01% year-on-year in the first quarter (Q1) of 2017, stronger than a 4.94% growth in the corresponding period of 2016; driven by a rebound in government spending and faster rises in exports and investment. Private consumption, however, slowed, and the country’s GDP shrank 0.34% quarter-on-quarter (q/q) in the said period, following a 1.77% decline in the December quarter. It was the second straight quarter of contraction; weighed down by a slump in government spending and investment, while exports slowed significantly.To subscribe please click here