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Fitch unit predicts Malaysia's retail spending recovery to hit bumps as lockdown prolongs | Malaysia


Wednesday, 20 Jan 2021 10:08 AM MYT
BY SYED JAYMAL ZAHIID
A general view of the Suria KLCC shopping mall during the movement control order in Kuala Lumpur January 16, 2020. Picture by Hari Anggara
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KUALA LUMPUR, Jan 20 Fitch Solutions Country Risk and Industry Research has revised its consumer spending forecast for Malaysia, citing the current round of movement restrictions that is expected to delay recovery in the retail sector despite the initial anticipation that it would rebound this year.
The Fitch Group unit slashed its real household spending growth forecast to 7.2 per cent year-on-year from the previous forecast of 11.0 per cent for the same period. ....

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