In a research report, it said easing inflationary pressures and a healthy reduction in unemployment would form the base for a stable consumer spending outlook.“Risks to this outlook would be higher-than-anticipated inflation and more aggressive economic weakness, which will weigh heavier on household purchasing power,” it said. It said real household spending over 2024 will grow by 5% y-o-y to a total of RM910 billion, based on 2010 prices.
Over 20 units booked at The Horizon’s grand launch Kota Kinabalu: The grand launch of The Horizon at Damai saw a good response with more than 20 condominium units booked, Sunday. Read more Consumer confidence levels have largely been steady, reflecting a positive consumer mindset even as inflationary pressures on certain commodities such as food and fuel weigh on low- and mid-income households, it said. On the ringgit, BMI expects it to strengthen against the US dollar, from 4.50 in 2023 to 4.
Source: News Formal (newsformal.com)
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