‘Normal folk not feeling economic growth’

Sharon Tan

Experts say people are not seeing spending power increase despite the economy growing as prices have gone up, especially for housing, food and transport. – The Malaysian Insight file pic by Nazir Sufari, October 17, 2017.

THE cost of goods and services increasing faster than income is one reason why feelgood sentiments are not being felt on the ground, despite economic growth of 5.6% and 5.8% in the first two quarters of this year.

iMoney chief executive officer Lee Ching Wei said a recent survey found that 49% of respondents believed the economy was in recession.

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