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Indonesian GDP growth falls short in 1Q, pressuring President Widodo

Government's fiscal and monetary hands are tied ahead of key vote next year

A shopper negotiates over the price of a handbag at a market in Jakarta. Consumer spending has been flat, weighing on growth in the Southeast Asian country.   © Reuters

JAKARTA -- Indonesia's economic growth fell short of forecasts in the first quarter of 2018, adding to the government's worries ahead of election season.

The country's central statistics agency on Monday said gross domestic product grew by an inflation-adjusted 5.06% on an annual basis in the first three months of the year, falling short of a consensus forecast for 5.18% growth, according to a Reuters poll, and a decline from the 5.19% growth registered in the fourth quarter of 2017.

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