indonesias economy grows 502 in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Indonesia's Economy Grows 5.02% in 2016

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Arab Today, arab today Indonesia's Economy Grows 5.02% in 2016

Indonesia's Economy Grows 5.02% in 2016
Jakarta - QNA

The Indonesian economy grew 5.02% in 2016, up from the revised 4.88% the previous year. 
The financial industry posted the highest growth last year, at 8.90%, the country's Central Bureau of Statistics said on Monday. 
Gross domestic product (GDP) rose 4.94% in the fourth quarter from a year earlier, a contraction of 1.77% from the previous three-month period, the bureau said. 
Southeast Asia's largest economy has experienced a slowdown because of sluggish foreign demand for commodities. 
President Joko Widodo has introduced a series of measures to speed up infrastructure development, attract investors and protect jobs.

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