BMI Research: Malaysians’ spending may return to pre-Covid levels in 2025 as ringgit rises to RM3.80 per dollar, but debt could hamper growth

Quick Summary:

BMI Research forecasts Malaysian consumer spending to grow by 5 per cent in 2025, but high household debt may limit t...

BMI said spending will rise to RM952.6 billion in 2025 based on 2010 prices.

However, consumer confidence has been declining, with the latest data showing a drop to 87.1 in the first quarter of 2024, which is one of the lowest levels recorded since 2022.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Consumer spending Spending outlook Ringgit exchange rate BMI Research

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 10:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 23118335

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 5 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 17 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions