BMI View: We project that Malaysian consumer electronics spending will grow by about 10% in US dollar terms in 2013 to US$8.3bn, with strong sales of smartphones, tablets and flat-panel TV sets. In 2012, sales of many categories of digital lifestyle products including digital TV sets, smartphones and tablets reported double-digit growth, making Malaysia one of the region’s high-growth consumer electronics markets. We expect private consumption to grow at a relatively robust pace of 5.5% in 2013, mainly due to the positive effects of cash handouts and increased welfare spending by the government. However, uncertainties over the export market and …
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