Whereas in 2015 Indonesia’s gross domestic product (GDP) expanded 4.8% (y/y), implying the continuation of the nation’s GDP growth slowdown, the nation’s economic growth accelerated to 5.02% (y/y) in 2016 (effectively ending the macroeconomic slowdown that occurred between 2011 and 2015). Accelerating economic growth is expected to continue in 2017. Last week the World Bank released a report in which it puts its forecast for Indonesia’s 2017 GDP growth at 5.2% (y/y).
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