No, Indonesia's middle class isn't shrinking -- here's why

Misguided analysis misrepresents economic trends

20250310 indomesia middle class

A family gathers around an Apple store counter at a shopping mall in Jakarta. © Reuters

Homi Kharas is chief economist and co-founder of World Data Lab. He was previously the World Bank's chief economist for East Asia and the Pacific, and is author of "The Rise of the Global Middle Class." Wolfgang Fengler is CEO and co-founder of World Data Lab, and was previously the World Bank's senior economist for Indonesia.

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