Modest private consumption in 2024

TheStar Wed, Jan 31, 2024 12:00am - 2 months View Original


Pending more clarity on the impact of subsidy rationalisation, investor sentiment on the consumer sector would remain muted, said RHB Research.

PETALING JAYA: Not unlike last year, inflation will remain consumers’ top concern this year, especially with the ongoing subsidy rationalisation measures and consumption taxes.

Pending more clarity on the impact of subsidy rationalisation, investor sentiment on the consumer sector would remain muted, said RHB Research.

“As a result, our economists are projecting modest 2024 private-consumption growth of 3.3% year-on-year and a pick-up in inflation to 3.3%.

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