Members of the ground crew assist passengers at PT Garuda Indonesia's check-in counters at Soekarno-Hatta International Airport in Cengkareng, Indonesia, on Friday, July 9, 2021. The Covid-19 crisis has forced dozens of carriers and other aviation businesses to restructure or seek bankruptcy protection. - Bloomberg
JAKARTA, July 11 (Bloomberg): Indonesia has lost its prized upper middle-income status after only a year, as Southeast Asia’s largest coronavirus outbreak reverses gains in poverty and employment.
The World Bank downgraded Indonesia to lower-middle income status as of July 1, with a gross national income per capita of US$3, 870.
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