Malaysia Consumer & Retail Q1 2020
:Malaysia’s consumer spending outlook remains positive with private consumption a key driver for economic growth, andreal GDP forecast to grow by 4.5% in 2020. We expect to see a continuation of this positive outlook into 2020, supported byfavourable fiscal and monetary policies, which have already included the removal of the Goods & Service Tax (GST) in 2018 and alowering of interest rates in 2019. The Budget 2020 announced in October 2019 further strengthens this view.
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