Malaysia's current account at comfortable level despite low oil price

PETALING JAYA: The International Monetary Fund (IMF) expects Malaysia’s trade balance to remain in comfortable surplus this year despite lower energy prices.

The IMF said in its annual Article IV staff report on the country that the current account (CA) would remain in comfortable surplus at 2.9% of gross domestic product (GDP) this year although the oil and gas (O&G) trade surplus would be reduced by about 1.25% of GDP.