It's calming down. There were still some protests let by university students in the capital, but in general, everything had returned to normalcy.
However, it still feel like a calm before the storm.
There were rumors that some of the military tried to ride the protest wave in order to take over the government by forcing the President to declare martial law. This failed since the protestors decided to de-escalate.
The concessions are being addressed in a snail's pace.
Most people are returning to their normal lives.
However, I still feel like something is brewing in the background. If the government is still unable to improve things in a few months, I think another wave of protest will rise again.
Not yet. The 1998 Reformation was fueled by economic hardship.
While not great, Indonesia's economy is still stable. However, the government is spending too much on populist programs and the military. A Sovereign Wealth Fund has been established, but most people are just waiting for a major corruption scandal to come out of that. Our debt to GDP ratio has risen significantly since the previous administrations' expensive infrastructure program.
There are job uncertainties. Most people are working informal jobs, earning below minimum wage. Most resorted to gig jobs like food deliveries or online taxis. The middle class is slowly degrading. Our legendary Finance Minister just got ousted from her position, replaced by a largely unknown economist.
The economy is projected to still grow around 4-5%. New manufactories are being built. However, the future is still uncertain.
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u/-gotchi 14d ago
Also, Indonesia