Indonesia is at a crossroads
Its lofty growth goals will not be realised
By Ethan Wu, Asia correspondent, The Economist
Asia’s biggest economy, China, moves mountains to attain 5% growth. South-East Asia’s biggest economy, Indonesia, is doing it with ease. Its growth rate has been around 5% for most of the past three decades. For a middle-income country, however, this is mediocre, and Indonesia’s politicians have long sought more. The new president, Prabowo Subianto, who took office in October, has promised 8% growth within five years.
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This article appeared in the Asia section of the print edition of The World Ahead 2025 under the headline “Indonesia at a crossroads”
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