Weak consumer sentiment despite improved economy

THE Malaysian economy grew 5.8% in the second quarter, which is the fastest since the period between January and March 2015. For the whole year, the economy is expected to surpass 5% in growth, much better than what had been predicted early this year.

Foreign research houses have an optimistic view of the ringgit, setting a target price of RM4.10 against the dollar by the end of the year. This they base on improved trade movements of Malaysia.