Thanh Nien Daily, 16 May 2009
Gross domestic product expanded 4.4 percent in the three months to March 31 from a year earlier, compared with a 5.2 percent gain in the previous quarter, the statistics bureau said in Jakarta Friday.
Indonesia has been less affected than its Asian neighbors by the worst global slump since World War II as it isn’t as reliant on exports. Singapore’s economy shrank the most since at least 1975 in the first quarter and Thailand’s Finance Minister Korn Chatikavanij expects a “pretty bloody” GDP contraction of as much as 6 percent in the same period.
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