JAKARTA: Indonesia’s trade data is due on Wednesday, March 15 and economists expect export, import growth to have slowed in February. Indonesia’s exports and imports hit multi-year highs in the previous month and are likely to expand at a slower pace in February.
According to details, Indonesia’s February trade balance probably narrowed to $1.22 billion, from $1.40 billion the previous month. Export growth probably slowed to 15.19 percent on an annual basis while imports up 13.00 percent in February.
Indonesia’s economic growth in the first quarter of 2017 could be below 5.05 percent due to slower government spending, the country’s central bank governor said on Monday.
The central bank’s estimate for full-year GDP growth remained unchanged at 5.0-5.4 percent, Bank Indonesia Governor Agus Martowardojo said.
