• GST makes consumers cut spending

    GST makes consumers cut spending1

    • GST
    • March 16, 2018

    After the implementation of GST on 1 April 2015, private consumption growth moderated from an average of 7.4% (1Q 2011 – 1Q 2015 avg) to 5.5% (2Q 2015 – 3Q 2016 avg).

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