KUALA LUMPUR: Consumer sentiment is likely to remain cautious for the remainder of the year due to the lingering impact of the Covid-19 outbreak, says Kenanga Investment Bank Research.
While private consumption continues to be determined by the government stimulus packages, a low interest rate environment and a possible consumer-friendly Budget 2021, the economy could still take several quarters to return to pre-pandemic levels.
“We note that the major risk to recovery lies in a second country-wide lockdown, ” it said.
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