BMI said easing inflationary pressures and a healthy reduction in unemployment would form the base for the stable consumer spending outlook.
PETALING JAYA: BMI, a Fitch Solutions company, foresees Malaysia’s household spending growing by 5% year-on-year (y-o-y) in 2023 and will continue its steady growth towards 2024 as the economic recovery feeds through into strong real consumer spending growth.
In a research report, it said easing inflationary pressures and a healthy reduction in unemployment would form the base for the stable consumer spending outlook.
