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Economic
Research
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9 January 2017
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Malaysia
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Economic Update
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Exports bounced back into a growth of 7.8% YoY in
November, as October’s decline was partly weighed down by a high base effect.
Consequently, we expect Malaysia’s
exports to pick up modestly to 2% YoY in 2017, from an estimated 0.5% in 2016
on account of:
1.
A gradual improvement in world
merchandise trade volume, on the back of a sustained global economic growth;
2.
Resilient global demand for
electrical & electronics (E&E) goods and a recovery in commodity
exports.
We expect the current
account surplus to improve slightly in 2017 to MYR20.2bn or 1.6% of GDP in
2017, from an estimate of MYR15.9bn or 1.3% of GDP in 2016, contributed by a
wider surplus in the trade account.
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Monday, January 9, 2017
Exports Rebound Sharply In November
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