Monday, August 21, 2017

FW: RHB | Malaysia | Current Account Surplus Widens On Slower Import Growth



Economic Research

21 August 2017



Economic Update




Current Account Surplus Widens On Slower Import Growth


The current account surplus in Malaysia’s balance of payments widened to MYR9.6bn in 2Q17, due to a larger surplus in the merchandise trade balance. Moving forward, we expect this surplus to narrow to MYR24.7bn, equivalent to 1.9% of GDP in 2017, from MYR25.1bn or 2.4% of GDP in 2016, on account of a smaller merchandise trade surplus. This is amid a stronger import growth outlook that would likely outpace the increase in exports and a higher deficit in the services and income accounts – which would lead to a pick-up in economic growth.


Economist:  Vincent Loo Yeong Hong  | +603 9280 2172

Economist:  Aris Nazman Maslan  | +603 9280 2184




To access our recent reports please click on the links below:


21 Aug : Economic Growth Maintains a Robust Pace in 1H17

11 Aug : Industrial Activities Remains Robust  in 1H17

08 Aug : Forex Reserves Near The USD100bn Level

07 Aug : Exports Growth Slower In June Due To Festivities

02 Aug : Business Confidence Picks Up To 4-Year High


Economics Team





Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184





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