Indonesian GDP grows 5.01 percent in the first quarter

Jakarta, May 9 (Latest).- The Indonesian economy, the largest in Southeast Asia and sixteenth in the world, expanded by 5.01 percent year-on-year in the first quarter of the year, in line with forecasts by analysts.

In the heat of the relaxation of the anticovid measures, the Indonesian gross domestic product (GDP) consolidated between January and March the fourth consecutive quarterly rise, according to figures from the Department of Statistics of the Asian archipelago revealed this Monday.

Indonesia thus consolidates a cycle of growth after the impact of the last wave of covid-19 at the beginning of the year, which caused the highest number of people infected with the virus while the number of deaths remained moderate.

In 2020, the Indonesian economy shrank 2.07 percent as a result of the covid-19 shock, in what was the first recession in this nation since 1998.

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