[070514.EN.BIZ] Indonesia Prospects Brighten As Poll Predicts 5.6pc GDP Growth

INDONESIA's economic prospects appear to be brightening as inflation slows and a Reuters poll shows expectations of a 5.6 per cent increase in GDP growth.

"We are looking for a 1Q real GDP growth print of 5.6 per cent year-on-year, driven by a combination of weak investment growth but resilient private consumption spending, thanks to pre-election spending," Credit Suisse said in a research note.

Exports rose 1.24 per cent from a year earlier, bolstered by stronger palm oil shipments and demand from China and Japan. The median forecast of analysts was for a drop of 1.3 per cent. Imports fell 2.34 per cent.

Source : HKSG.