Weaker consumer spending is expected with spillover effects on service industries such as retail, restaurants and hotels. Consumer spending, however, will be supported by more online purchases and online financial services.
THE two-week partial lockdown that is now in effect in the Malaysian capital Kuala Lumpur, the administrative capital Putrajaya and the states of Sabah and Selangor is not likely to have a significant impact on the economy, according to analysts at MIDF Research.
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