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Indonesia looks to avoid the ‘middle-income trap’

This photo shows a general view of a traffic jam on a main roads leading into the city center of Jakarta on May 8, 2024 as thin haze of pollution sits over the city’s skyline. Bay Ismoyo | Afp | Getty Images
Indonesia’s rise as an emerging economy is the latest of Asia’s success stories. Yet the country’s Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the global average of 2%, is

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