Thursday, February 15, 2018

FW: RHB | Malaysia | Current Account Surplus To Narrow In 2018

 

 

 

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

arup.raha@rhbgroup.com

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economist

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,

vincent.loo@rhgroup.com

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

ng.kee.chou@rhbgroup.com

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

rizki.fajar@rhbgroup.com

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

 

 

 

 

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