GEORGE TOWN: Due to the softening economic climate, the country's consumer products and retail sector is expected to achieve a slight growth this year, buoyed by a stronger ringgit that allowed for cheaper imports of raw materials and promotional programmes.
In a recent report, Credit Suisse AG expects the 2011 gross domestic product in Malaysia to drop to 4.6% from 5.3% as the Western world is plunging into a recession, with Asia remaining highly sensitive to economic developments in the United States and Europe.
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