Indonesia's GDP expands 5.17% y/y in Q2, beats estimates – USD/IDR keeps 7-week highs

Indonesia's economy expanded more-than-expected in the second quarter of 2019, the latest government data showed on Monday.

Southeast Asia's largest economy grew 5.17% in April-June from a year earlier vs. 5.07% growth seen in Q1 2019 and 5.06% expectations.

The GDP growth rate was still below the government's growth target for last year of 5.4% and way below the 7% level that President Joko Widodo pledged to achieve.