Protect the middle? Why Southeast Asia should care about a vulnerable class
Recent shocks have exposed how the middle class can fall through the cracks of the region’s safety nets, analysts say
Bambang Brodjonegoro, ADBI dean and CEO, said Philippine officials should focus their efforts on the middle class, which made up the bulk of household consumption.
“For the Philippines to revive its economic growth, the attention needs to be on how to increase the purchasing power of the middle class and to not let the middle class shrink,” Brodjonegoro told local media on the sidelines of a forum on September 17.
