Indonesia’s economy slowed again in Q1, underlining the challenge faced by the country’s new president and adding to the case for further rate cuts. (Data released on Tuesday.) Indonesia’s GDP grew by just 4.7% y/y in Q1, down from 5.0% in Q4 and the weakest since 2009. “Although we doubt growth will slow much further in the coming quarters, we are not likely to see a strong rebound either. Overall, we are keeping our growth forecasts at just 5% for 2015 and 2016.” said Capital Economics
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