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Economy

Indonesia economy fails to pick up steam ahead of April election

GDP grows at highest rate under Widodo but falls short of government target

In the past year, Indonesia has had to deal with the effects of several natural disasters and a plunging currency.   © Reuters

JAKARTA -- Indonesia's economy last year grew at its fastest pace since President Joko Widodo took office, but failed to hit the government's growth target.

Data from Badan Pusat Statistik, the country's statistics agency, released on Wednesday showed real gross domestic product grew by 5.17% in 2018, short of the 5.4% target set in the state budget. The figure was, however, slightly above the Reuters consensus forecast of 5.15%. The government's growth target for 2019 is 5.3%.

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