
Sarah ChenGeneral
Indonesia Middle Class Shrinks to 7.1 Percent as Graduate Joblessness Rises
World Bank data reveals the share of middle-income earners in Southeast Asia’s largest economy has halved since 2018 as companies freeze hiring.
Tag
2 stories in this topic

World Bank data reveals the share of middle-income earners in Southeast Asia’s largest economy has halved since 2018 as companies freeze hiring.

Displacements across financial services and technology pushed quarterly layoffs to their highest level since late 2020 as re-hiring speeds slowed.
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.