2015 retail sales growth to slow to 5.5% as GST looms

  • 6 years ago
Retail sales are expected to grow at a slower rate of 5.5 per cent in 2015, from 6 per cent previously as consumer spending is seen impacted by the upcoming Goods And Services Tax (GST).

According to a report by Retail Group Malaysia, consumer spending is expected to be affected from the second quarter of 2015 due to implementation of the GST from April 1st.

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