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How Do We Rebuild Consumer Confidence?

How Do We Rebuild Consumer Confidence?

Morning Brief

July 1, 202011m 56s

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Show Notes

Now that the MCO has been lifted and people are returning to the daily grind, businesses are hopeful that people will start spending again. And it’s a sentiment shared by Minister in the Prime Minister's Department for Economic Affairs, Datuk Seri Mustapa Mohamed.

Earlier this week in an op-ed he wrote, he called on Malaysians to start spending in order to help our economy, and according to some numbers out of the Statistics Department, 90% of workers have returned to work but retail performance is only at 30% of pre-MCO levels.

Now there are many reasons for this as the pandemic has left some jobless or having to take massive pay cuts, and those life-changing events are hard to bounce back from. So how do we rebuild confidence and help revive the economy under challenging circumstances?

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Topics

Consumer Goods/ServicesEconomyMarketsConsumer ConfidenceMCOMustapa MohamedRetail SpendingConsumer Spending