Economic Research | 21 August 2017 | |||
Malaysia | ||||
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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