Indonesia’s 5.61% Q1 growth hides weak fundamentals, economists warn
Economy
Seasonal consumption and front-loaded spending drive expansion but pressures remain
Millions of Indonesian Muslims traveled to their hometowns for Eid al-Fitr, which fell in late March this year. Increased household spending during the holiday helped the economy grow 5.61% on an annualized basis in the first quarter of 2026. © Reuters
ISMI DAMAYANTI and REZHA HADYAN
May 5, 2026 13:28 JST
Updated on May 5, 2026 17:55 JST
JAKARTA — Indonesia’s economy posted its fastest growth in almost three years in the first quarter of this year, despite mounting internal and external pressures, but economists cast doubt on the durability of the expansion.
