Jakarta, CNBC Indonesia- The Indonesian Shopping Center Retailers & Tenants Association (HIPPINDO) is still optimistic about the recovery of purchasing power, amidst the Indonesian economic slowdown in Q3-2024.

It is hoped that government regulations will apply to the supply of offline retail goods. Currently the supply and performance of the F&B sector is still very good, but the fashion and accessories segment is still facing obstacles.

Currently, the purchasing power of middle class consumers is still very good, but for the lower middle class it is quite difficult so they need stimulus to maintain purchasing power.

What is the economic impact on the performance of the retail sector in shopping centers? How are efforts to attract visitors and shopping center investment? For complete details, see Anneke Wijaya’s dialogue with the General Chair of the Indonesian Retailers & Shopping Center Tenants Association (HIPPINDO), Budihardjo Iduansjah, at Power Lunch,CNBCIndonesia (Monday, 06/11/2023)