Malaysia to see stable consumer growth across H2 and 2024: research house

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Malaysia to see stable consumer growth across H2 and 2024: research house

STORY: Malaysia to see stable consumer growth across H2 and 2024: research house DATELINE: July 13, 2023 LENGTH: 00:01:30 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur Twin Towers 2. various of crowds at an exhibition hall 3. various of crowds doing their grocery shopping at a supermarket 4. various of customers paying at the counter STORYLINE: BMI, a unit of Fitch Solutions, said Wednesday that it holds a positive outlook for consumer spending in Malaysia over the rest of 2023, as the economic recovery feeds into strong real consumer spending growth over the full year. The research house said in a note that it expects the Southeast Asian country's household spending to grow 5 percent in 2023. It opined that easing inflation will feed into the consumer spending outlook over the second half of this year. It noted that real household spending in 2023 will improve to 866.6 billion ringgit (186.29 billion U.S. dollars), beyond pre-pandemic levels

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