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JAKARTA, INDONESIA - THE Indonesian economy grew 6.28 per cent in the first quarter compared with a year ago, driven by exports and investment, an official said on Thursday.
Exports grew 15.03 per cent in the first three months of the calendar year while investment surged 13.3 per cent compared to the same time last year, Central Bureau of Statistics deputy chairman Slamet Sutomo said.
The share of investment in GDP increased to 25.34 per cent from 23.8 per cent in the first quarter of 2007, he said. Private consumption rose 5.5 per cent.
The economy grew 2.15 per cent over the last quarter of 2007 thanks to a 5.68 per cent surge in exports.
Higher food prices pushed down private consumption by 0.45 per cent from the previous quarter. Government consumption meanwhile plummeted 30.45 per cent and investment shrank by 0.64 per cent.
The GDP data was within analysts' expectations. -- AFP
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