Did you know: 1 in every 5 Indonesians now belong to the middle-class and account for 43% of the country’s total household consumption?
Expanding this income group is key to unlocking the country’s potential, boosting growth, and broadening prosperity. Among others, this means creating jobs that pay a middle-class income, and equipping workers with the skills needed to take up those jobs.
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Indonesia’s middle class vital for the country’s future
Expanding Indonesia’s middle class can help boost economic growth and broaden prosperity. This is a key message emerging from two new World Bank reports on the middle class in East Asia and Indonesia that were discussed today in Jakarta.