Going into 2023, one of the key things concerned was a global recession, and this continues to be the case.

Now while definitions of what constitutes recession differ around the world, it essentially means a shrinking economy, ultimately due to lower business and consumer spending. 

In fact, some numbers overnight show that U.S. retail sales fell by the most in a year in December, further highlighting this concern as consumer spending is essential for many businesses, and therefore the economy. 

So today we turn our attention to consumer sentiment in Malaysia and ways businesses can adapt to the possibility of falling consumer spending with Rakesh Mani, Partner at PWC Malaysia - leading the consumer and retail practice across the region.

Going into 2023, one of the key things concerned was a <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.thestar.com.my/business/business-news/2023/01/16/davos-2023-global-recession-in-2023-seen-as-likely-in-wef-survey">global recession</a>, and this continues to be the case.Now while definitions of what constitutes recession differ around the world, it essentially means a shrinking economy, ultimately due to lower business and consumer spending. In fact, some numbers overnight show that U.S. retail sales fell by the most in a year in December, further highlighting this concern as consumer spending is essential for many businesses, and therefore the economy. So today we turn our attention to consumer sentiment in Malaysia and ways businesses can adapt to the possibility of falling consumer spending with Rakesh Mani, Partner at PWC Malaysia - leading the consumer and retail practice across the region.

Your personalised news feed, curated and presented by the guys who deal with SME-related news on a daily basis: the producers behind all the Enterprise shows on BFM. Enjoy an hour of friendly, informative banter on everything you need to know in the world of building and growing your business, from seeking out capital to next generation business solutions, and tech-trends to office survival tips.

Enterprise Biz Bytes

Daily digestible news bites delivered by the Enterprise team, that deal with entrepreneurship, business, tech -- and anything that might have an impact on you and your business. Daily at noon.

Advertisement