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Results for "middle-class" found 272 items
Indonesia's economy is driven primarily by domestic demand, with private consumption accounting for 55.8 percent of gross domestic product (GDP) in the first quarter of 2026, supported by a large working-age population with a low average age. This consumption-led growth relies on middle-income households as a key source of purchasing power.
Private hospital business is expected to enjoy average annual growth of 10-13% from 2019 to 2021. Business expansion will be underpinned by structural changes in Thai demographics, including the aging society, continuing urbanization, and the ongoing growth of the middle classes. In addition, increasing health-awareness trend globally with personal health and wellness will also help to support sectoral growth.
Executive Summary: Growth in 2020 will be flat, while, in the medium to longer term, growth should rebound to its potential rate of 5.0-6.0% p.a.
The hotel business is expected to continue growing well during 2019-2021, with foreign and Thai tourists expected to expand
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