Luxury Goods in Malaysia - New Market Study Published
Luxury goods in Malaysia witnessed robust growth in 2012. The strong local economy is the primary driver for growth in the consumption of luxury goods in the country. While major developed countries in the world, such as Japan, the US and European countries, still struggle to improve the pace of growth, Malaysia continues to demonstrate a strong economic performance, with 6% GDP growth in 2012. While the export industry demonstrated relatively weak growth, economic growth was supported by a 20%...
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