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View all search resultsRetailers are seeing a later-than-usual pickup in seasonal sales this year as consumers appear more cautious with their spending, while industry associations say the delayed momentum could carry over past the year-end and into early 2026.
As living costs rise and disposable income shrinks, many Jakartans are increasingly turning to malls not for shopping, but for strolling. Window shopping, once considered a casual pastime, has become a meaningful part of urban life, offering comfort and even emotional relief amid economic pressure.
Data from the Mandiri Spending Index show that middle- and upper-class consumers drove spending growth during both the Ramadan-Idul Fitri holiday and postholiday periods this year, albeit not as much as compared to last year.
The government plans to announce economic stimulus measures on June 5 to revive activity and boost consumer purchasing power, hoping to push economic growth to around 5 percent this quarter, the Office of the Coordinating Economic Minister said on Saturday.
The middle class is not expanding fast enough to meet ambitious development goals, experts and businesses warn, which could scupper President Prabowo Subianto’s plans to boost economic growth to 8 percent and make Indonesia a developed country by 2045.
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