Economic Challenges Await New Government Under Prabowo

Middle class, which supports the economy, is shrinking

By: Ainur Rohmah

Photo from Britannica

Taking office in less than three weeks, Indonesia's President-elect Prabowo Subianto faces a complex range of economic challenges left to him by the outgoing Joko Widodo, known as Jokowi, including widespread layoffs, declining purchasing power, increasing government debt, and a shrinking middle class that supports t…