Indonesian GDP growth accelerates in Q2, beats forecast

JAKARTA -Indonesia’s economic growth accelerated in the April-June quarter amid an export boom driven by rising commodity prices, official data showed on Friday, but monetary tightening, rising inflation and a global recession risk threaten the outlook.

Second-quarter gross domestic product (GDP) was up 5.44 percent on a year earlier, showing the fastest growth rate in a year, according to Statistics Indonesia data. That beat the median forecast for a 5.17 percent rise in a Reuters poll and the first quarter’s 5.01 percent annual growth.

Exports expanded nearly 20 percent from a year before, a performance that the statistics bureau called “impressive”. This compared with 16.22 …

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