BMI forecasts robust consumer spending for 2024-2025 as Malaysian economy rebounds

Consumer Spending News

BMI forecasts robust consumer spending for 2024-2025 as Malaysian economy rebounds
Household SpendingBmiMalaysia Economy
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KUALA LUMPUR, July 16 — BMI, a Fitch Solutions company, has maintained a positive outlook for consumer spending in Malaysia for 2024 and 2025, citing ongoing economic recovery...

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In a statement, BMI said household spending growth is expected to improve compared to 2023, buoyed by sustained economic expansion and normalising consumption levels. “While consumer confidence remains sluggish, strong showings in recent retail sales data indicate an improving consumer outlook in Malaysia,” it said.BMI highlighted that spending will face constraints from high debt levels and associated servicing costs.

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