A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters
A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters

Is Covid-19 terminal for the rising middle classes of Malaysia and Indonesia?

  • As pay cuts and job losses hit hundreds of thousands of middle-income workers, the damage caused goes far beyond the individuals involved
  • Economists warn a cash-strapped middle class means less investment in education and pensions, less consumption to drive growth and possibly more populism. But there’s still time for governments to act

Topic |   Coronavirus pandemic
A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters
A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters
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