JAKARTA - Indonesia's gross domestic product grew 4.94% in the fourth quarter, the slowest pace since the opening three months of last year, as household consumption cooled and government spending contracted, data showed on Monday.
Southeast Asia's largest economy also faces uncertainty surrounding US policies under President Donald Trump and in one of its other main trading partners China, even as a spate of interest rate cuts last year should start to pay dividends by supporting investment.
Indonesia's economy grew 4.94% on an annual basis in October-December, data from the statistics bureau showed, compared with 5.01% in the preceding quarter.
The growth rate was below the median forecast of a Reuters poll of 5.07%.
GDP expanded 5.02% during 2016, up from a revised 4.88% in 2015, the bureau also said. The poll had expected a full-year growth rate of 5.03%.
The government originally set a 5.3% growth target for last year. But near the end of the year, officials said 2016 growth might only be 5%.