Luxury Goods in Indonesia - New Study Released
Continuing its robust growth over the review period, luxury goods registered a double-digit value increase in Indonesia in 2012. A growing economy fuelled primarily by domestic spending escalates income per capita in the country boosted the number of middle class and upper income groups. Luxury goods thus became increasingly affordable to a growing number of people in the country. Nonetheless, the great challenge remains in encouraging consumers to shop for luxury goods at home instead of...
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