JAKARTA, Feb 6 Reuters Indonesia39;s economic growth climbed to its strongest in nine years last year fuelled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high.

But momentum slowed in the final quarter as prices moderated, and weaker global demand, higher inflation and a rise in interest rates could pose a drag on activity this year.

Southeast Asia39;s largest economy expanded 5.31 in 2022, Statistics Indonesia data showed on Monday, its best annual growth rate since 2013, and faster than the 5.29 expected in a Reuters poll.

In the fourth quarter, gross domestic product expanded 5.01 on an annual basis, compared with 4.84 growth predicted by the poll and 5.72 in the previous three months. The annual rate was the slowest since the third quarter of 2021, the statistics agency said.

The resourcerich economy gained from high global commodities prices in the aftermath of the RussiaUkraine war that aided the rupiah and improved the country39;s current account, but global demand is faltering.

We expect growth to slow further over the coming quarters. Exports will struggle due to weaker global growth and lower commodity prices, Capital Economics analyst Shivaan Tandon said.

Global commodity prices have dropped back since late last year, and we expect further falls over the coming months. Meanwhile, despite the rebound now underway in China, we expect global growth to struggle this year as the U.S….