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Indonesia's GDP up 5.03% in Q1, beating expectations

Export volume offsets lower commodity prices for Southeast Asia's largest economy

A technician stands on a crane at the Tanjung Priok port in Jakarta.   © Reuters

JAKARTA -- Indonesia's economy grew 5.03% on the year in the January-March period, beating analysts' expectations despite pressure from weaker commodity prices, the country's statistics agency said on Friday.

The first-quarter growth of Southeast Asia's largest economy inched up from 5.01% in October-December, and was a touch higher than the 5.02% recorded in the corresponding period of 2022.

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