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GDP Contraction Deeper Than Forecast But Smaller Than Previously

IDR

Indonesia's Q1 economic contraction proved deeper than forecast, as GDP shrank 0.74% Y/Y after a 2.19% decline in Q4. USD/IDR last sits at IDR14,428, little changed on the day.


Fig. 1: Indonesia GDP Y/Y (%)

Source: MNI - Market News/Bloomberg

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