Friday, 30 Apr 2021 02:18 PM MYT
BY DANIAL DZULKIFLY
People shop for groceries at the Jalan Othman wet market in Petaling Jaya April 20, 2021. Picture by Miera Zulyana
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KUALA LUMPUR, April 30 Malaysian household spending is expected to make a slow recovery in 2021 and beyond as the movement control order (MCO) is still in effect in the country due to rising Covid-19 cases, according to Fitch Solutions Country Risk and Industry Research (Fitch Solutions).
The Fitch Solutions Group unit had previously forecasted that real household spending would grow 11 per cent year-on-year back in January of this year.
Wednesday, 20 Jan 2021 10:08 AM MYT
BY SYED JAYMAL ZAHIID
A general view of the Suria KLCC shopping mall during the movement control order in Kuala Lumpur January 16, 2020. Picture by Hari Anggara
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KUALA LUMPUR, Jan 20 Fitch Solutions Country Risk and Industry Research has revised its consumer spending forecast for Malaysia, citing the current round of movement restrictions that is expected to delay recovery in the retail sector despite the initial anticipation that it would rebound this year.
The Fitch Group unit slashed its real household spending growth forecast to 7.2 per cent year-on-year from the previous forecast of 11.0 per cent for the same period.