Major Issues in EAST ASIA PACIFIC Tuesday, May 7, 2019 INDONESIA GDP grows 5.07% in first quarter. The Indonesian economy grew 5.07% in January-March, according to data provided by the Central Statistics Agency (BPS). The growth rate is slightly higher than the 5.06% growth in the same period last year. However, it is below expectations. The central bank predicted 5.2% growth for the quarter, and Reuters and Bloomberg estimated 5.18% and 5.2% respectively. Exports contracted 2.08% during the quarter while investment..