Tag: negative retail sentiment
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Retail sales still growing BUT forecast is lowered, again.
Forecast for retail sales growth rate has been lowered further for the second time. Instead of a predicted 4.9 percent growth earlier, The Malaysia Retailers Association (MRA) has lowered the projected retail sales growth rate in 2015 to 4.0 percent. Major reasons cited include higher costs of living, a weak Ringgit and higher cost of…