Indonesia fin min sees near flat Q1 GDP growth y/y

MACROECONOMICS - JAKARTA. Indonesia is expected to register near flat gross domestic product growth in the first quarter compared with the same period period a year ago, due to measures to contain the coronavirus, the country's finance minister said on Thursday.

However, minister Sri Mulyani Indrawati said she continued to be optimistic Southeast Asia's largest economy would post 5% economic growth in 2021, citing potential investment after the government introduced easier rules to do business late last year. GDP contracted 2.07% in 2020.

A new regulation on a "positive investment list", which aims to relax restrictions on foreign ownership in some sectors, will be issued very soon, Sri Mulyani told foreign correspondents.

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