KUALA LUMPUR, Jan. 20 -- Fitch Solutions Country Risk and Industry Research has revised its consumer spending forecast for Malaysia, citing the current round of movement restrictions that is expected to delay recovery in the retail sector despite the initial anticipation that it would rebound this year.

The Fitch Group unit slashed its real household spending growth forecast to 7.2 per cent year-on-year from the previous forecast of 11.0 per cent for the same period.

"While we still hold a positive outlook for the Malaysian consumer, several recent events have led us to revise down a number of our consumer spending forecasts for 2021," it said in its consumer outlook released today.

"Coming out of a bleak 2020, the Malaysian consumer i...