Jakarta - Minister of National Development Planning/Head of the National Development Planning Agency (PPN/Bappenas) Rachmat Pambudy emphasized that economic transformation is an urgent need for Indonesia to escape the middle-class income trap and achieve high-income country status.
"For the past two decades, Indonesia's economic growth has stagnated at around 5 percent, hampering our efforts to achieve high-income country status. Therefore, economic transformation is an urgent need so that we can escape the middle-class income trap and realize the Vision of Golden Indonesia 2045," he said when meeting representatives of the Asian Productivity Organization (APO), quoted from an official statement, Jakarta, Sunday.
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Asia Economy