Early polls, infra jobs to buttress Malaysia's economy

World Bank's outlook reflected a gradual slowdown in the growth of consumer spending and investment

RHB Research said that the boost in private investment and public spending could be offset by a slight downtick in consumer spending.

While the full-year impact from a hike in minimum wage and civil servants’ pay in July, the reduction in employee’s contribution to the Employees Provident Fund (EPF) and increase in Bantuan Rakyat 1Malaysia (BR1M) would help to sustain consumer spending moving forward.