Indonesia's Q1 GDP growth slower than expected

ECONOMIC GROWTH - JAKARTA. Indonesia's gross domestic product grew slower-than-expected in the first quarter as prices of its main commodities softened, data from the statistics bureau showed on Monday.

Southeast Asia's largest economy expanded 5.07 percent in January-March from a year earlier, the slowest pace in a year, compared with a Reuters poll median of 5.18 percent and below the pace reported in the fourth quarter of 2018.

On a quarterly, non-seasonally adjusted basis, GDP contracted 0.52 percent in the first quarter.

The official government growth target for 2019 is 5.3 percent, while the central bank's forecast is a range of 5.0-5.4 percent.