05
May
11:32
Infrastructure firm as Indonesian growth slows
Indonesian GDP grew by 4.92% year-on-year in the first quarter of 2016, down from 5.04% in the previous quarter, according to the central statistics agency (BPS). Slower economic growth is expected to impact construction spending but infrastructure construction should remain strong, Kallanish notes.
Private sector construction is reportedly struggling as business revenues are down and companies are investing less. State-led investment is firm however. “Gov…
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