Exclusive - Consumption blues


  • Economy Premium
  • Monday, 24 Aug 2020

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PETALING JAYA: Declining household income, insufficient savings and a resurgence of the Covid-19 threat will likely dampen private consumption, a key component of the Malaysian economy, in the near term.

The job prospect level would also dictate private consumption trends moving forward, amid unemployment which is expected to hover between 4% and 4.5% this year.

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Consumption , income , savings , virus , Nor Zahidi Alias , MARC

   

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