SUBSCRIBERS
Thrifty consumers crimp Indonesia's growth
Published Sun, Jun 7, 2015 · 09:50 PM
Jakarta
THE Muslim fasting month is traditionally a time of plenty in Indonesia: Shoppers throng Jakarta's markets snapping up gifts to exchange at extravagant fast-breaking celebrations.
But this year, Ramadan - which runs from mid-June - will be a more abstemious affair because widespread job losses, a spike in inflation and lower earnings from commodities that Indonesia sells to the world have crimped consumers' purchasing power.
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