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Malaysia’s economy, which is expected to be moderate next year due to decelerating domestic demand, would likely be cushioned by its stable labour market.Malaysian Rating Corp Bhd (MARC) said in a note today that the stable employment market could help prevent a sharp drop in spending.“In addition, the sharp decline in oil prices may cushion the blow on consumers as businesses may choose to defer the price increase of certain goods and services,” it said.MARC expected a downtrend in Malaysia’s headline gross domestic product growth in 2015 to 4.7 per cent from its 2014 estimation of 5.8 per cent growth.
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Malaysia’s economy, which is expected to be moderate next year due to decelerating domestic demand, would likely be cushioned by its stable labour market.Malaysian Rating Corp Bhd (MARC) said in a note today that the stable employment market could help prevent a sharp drop in spending.“In addition, the sharp decline in oil prices may cushion the blow on consumers as businesses may choose to defer the price increase of certain goods and services,” it said.MARC expected a downtrend in Malaysia’s headline gross domestic product growth in 2015 to 4.7 per cent from its 2014 estimation of 5.8 per cent growth.
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