Malaysia Consumer & Retail Q4 2018
Malaysian consumers will continue to do well into 2018, driven by robust economic growth, low levels of inflation, andunemployment. High frequency indicators also point to the health of the Malaysian consumer with consumer confidence and retailsales picking up. While high levels of household debt and plans to expand the goods and services tax to a wider range of goodsposes downside risks to consumers, we believe rising incomes will help mitigate this.
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