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View all search resultsmiddle-class
Economy 1 year ago
PREMIUM
Tepid middle-class growth casts doubt on economic ambitions
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.
Companies 1 year ago
PREMIUM
Riding the uncertainties: Maintaining Indonesia's economic resilience
Amid global pressures, Indonesia’s economic growth in 2024 and 2025 is projected to remain stable at around 5.0 percent to 5.1 percent. One of the main challenges lies in uneven domestic consumption patterns.
Academia 1 year ago
PREMIUM
Policy reversals erode Indonesia's economic stability
While the government's decision to backtrack on the planned VAT rate hike offers short-term relief, it also erodes public trust and investor confidence amid a shrinking middle class, which points to a need for comprehensive reforms that include labor formalization, downstreaming expansion, human capital development and supply chain integration.
