Indonesia s recession eases as government boosts spending, exports recover Rabu, 05 Mei 2021 / 12:23 WIB
Reporter:
KONTAN.CO.ID -
JAKARTA. Indonesia s economy shrank for the fourth straight quarter in January-March but at a much more modest pace as the government boosted spending and higher commodity prices helped exports, statistics bureau data showed on Wednesday.
Southeast Asia s largest economy contracted 0.74% in January-March from the same period a year earlier, compared with a 2.19% contraction in October-December.
Analysts polled by Reuters had forecast a 0.74% drop, while the country s planning minister had expected a fall of between 0.6% to 0.9%. This shows signs of economic recovery will become even more apparent. And of course, we hope that economic recovery in 2021 can come true, Suhariyanto, head of the statistics bureau, said in a streamed news conference.
Indonesia s exports and imports grow more than expected in March Kamis, 15 April 2021 / 12:33 WIB Sumber:
Anna Suci Perwitasari
KONTAN.CO.ID - JAKARTA. Indonesia s exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, statistics bureau data showed on Thursday.
Merchandise exports beat forecast with an annual jump of 30.47% to $18.35 billion on rising shipments of oil, natural gas, palm oil, steel and coal.
Shipments were also supported by elevated commodity prices and improving demand from top trade partners like China and the United States, whose economies are recovering strongly from the COVID-19 pandemic.
Indonesia s Q4 GDP shrinks more than expected, economy down 2.1% in 2020 Jumat, 05 Februari 2021 / 10:51 WIB
KONTAN.CO.ID -
JAKARTA. Indonesia s gross domestic product fell slightly more than expected in the fourth quarter, tipping Southeast Asia s largest economy into its first full-year contraction in over two decades in 2020 as it grappled with the hit from the COVID-19 pandemic.
GDP shrank 2.19% on an annual basis in October-December, data released by the statistics bureau on Friday showed, faster than the 2% contraction expected in a Reuters poll, but improving from the 3.49% slump in the previous quarter.
Indonesia s main stock index erased its earlier gain after the data was released, having traded up as much as 0.7% before the announcement.