Economic Research | 15 February 2018 | |||
Malaysia | ||||
Economic Update | ||||
Current Account Surplus To Narrow In 2018 The current account surplus in Malaysia’s balance of payments widened to MYR12.9bn in 4Q17, mainly due to a larger surplus in the merchandise trade balance. For the full year, Malaysia recorded a current account surplus of MYR40.3bn or 3% of GDP in 2017, improving from MYR29bn in the 2016. Looking forward, we expect a narrower current account surplus of MYR37.5bn, or 2.7% of GDP, in 2018. This is on account of a smaller merchandise trade surplus, as imports growth would be supported by resilient domestic demand; and a higher deficit in the services and income accounts, resulting from sustained growth in exports and economic growth. Economists: Vincent Loo Yeong Hong | +603 9280 2172 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 14 Feb : 2017 GDP Growth Strongest In Three Years 12 Feb : 4Q17 Economic Activity Remains Healthy Despite Slowdown 08 Feb: Exports Ease in December but Cap a Robust Year 02 Feb: M3 And Loans Growth Looks To Accelerate In 2018 26 Jan: BNM Raises Rates Amid Strong Economic Activity | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
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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