JAKARTA -- Indonesia's economy is suffering from "long COVID" in the form of a shrinking middle class, the national statistics agency has warned, as people struggle with widespread layoffs, rising interest rates and deindustrialization.
Economy
Indonesia's economy suffers from 'long COVID' as middle class shrinks
Key growth driver has yet to recover from pandemic, statistics agency says
People walk past street food stalls in Jakarta. The proportion of Indonesians classified as middle class has fallen in the past few years as a result of the effects of the COVID-19 pandemic, according to the Central Statistics Agency. (Photo by Ken Kobyaashi)
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