Malaysia Consumer & Retail Q2 2019
Malaysia's private consumption while projected to lose steam in 2019 will remain strong and largely exempt from thebroader economic slowdown. Consumption will be supported by the one-time repayment of tax refunds which will boostpurchasing power and spending. The tight labour market and low inflationary environment will also provide support toconsumption. High-frequency indicators of consumer confidence and retail sales continuing on its uptrend further point to the stillbright consumer picture.
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