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Indonesian President Joko Widodo said after reelection in October that the country has "a huge potential to escape the middle-income trap." The COVID-19 pandemic is making that goal a herculean task. (Nikkei montage/Source photos by Reuters)
Asia Insight

Pandemic stalls Indonesia's push to escape middle-income trap

Two decades of growth reversed in Southeast Asia's biggest economy

ERWIDA MAULIA and ISMI DAMAYANTI, Nikkei staff writers | Indonesia

JAKARTA -- Things were looking good back in January for Suryanti, an employee at a small travel agent in Bogor, a city south of the Indonesian capital of Jakarta. She had just paid off her motorcycle loan and was planning a vacation with her parents with a bonus she expected to receive from her employer.

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