Analysts are urging governments in Southeast Asia to bolster support for the middle class, as rising prices, increased borrowing costs, and job insecurity threaten this crucial economic demographic. The Philippines, in particular, has been highlighted by the Asian Development Bank Institute (ADBI) as needing targeted assistance to maintain consumer spending and prevent economic slowdown. ADBI Dean and CEO Bambang Brodjonegoro emphasized that focusing on the middle class is key to reviving economic growth by preserving their purchasing power. AI
RANK_REASON The cluster discusses policy recommendations and economic analysis regarding the middle class in Southeast Asia, rather than a specific event or release.
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