CLICK TO ENLARGEPETALING JAYA: Private consumption, the driver of the economy, is forecast to grow by 7% to 9% this year despite the risks of a high cost of living fuelled by inflationary pressure. Although there are underlying risks which could hamper private consumption or consumer spending, economists expect the target to be met. For 2021, private consumption grew by 1.9% and 5.5% year on year( y-o-y) in the first quarter( 1Q22), recording the best reading since 2Q21....
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2022-06-20 00:00:00.0
