Behind Indonesia’s 5% Growth Lies a Less Rosy Economic Picture
- GDP growth expected to decelerate in second half of 2023
- Persistent unemployment, poverty tempering consumer demand
This article is for subscribers only.
Indonesia’s growth performance last quarter is poised to top most of its peers in Southeast Asia, but its path ahead is tricky amid widening cracks in the economy after the pandemic.
While its latest gross domestic product print shows a consumption boom that’s hovering near levels a decade before the pandemic, it has largely left behind lower-income households beset by low wages and limited opportunities.