Consumer spending to remain strong: Nestle

PETALING JAYA: Nestle (M) Bhd expects consumer spending in the country to remain strong on the back of a well-managed economy, said managing director Sullivan O’Carroll. 

“Although we are, to some extent, reliant on what happens in the US, it would not really impact consumer spending very dramatically,” he said when asked if a recession in the US would affect consumer spending here.