PETALING JAYA: Next year will remain a challenging year for Malaysian retailers with a significant recovery in retail sales only expected during the second half of 2017, according to the Retail Group Malaysia (RGM).
As the economy is not expected to recover strongly in the immediate term, Malaysian consumers are expected to hold back on their spending during the first half of next year, it said. The cost of living of the average Malaysian will continue to rise in 2017.
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