Another factor that support Indo’s growth outlook is the growing middle class that is expected to double by 2020.By this year, more than half the population is expected to be living a middle class lifestyle. Furthermore, the middle class is expected to be evenly dispersed, and more families will be considered affluent. Financial security is helping this trend, with about 31% of locals feeling secure in their ability to provide. [ETFs for Indonesia’s Rising Wealth]
There are still measures that need to be addressed further, such as a poor legal system, corruption and inadequate infrastructure to support more growth. Also, terrorism remains a daily threat in the is region of the world, reports Oey.
Tisha Guerrero contributed to this article.