Twin deficits risk?

Downside risk: UOB’s Goh thinks Malaysia’s current account will come under pressure due to lumpy imports, driven by investments in infrastructure, while exports are expected to remain weak.

Economists say Malaysia’s exports may remain sluggish with the imports of capital goods on the rise

MALAYSIA’S narrowing current account surplus, driven by its deteriorating net-export receipts, has once again raised the spectre of twin deficits in the country.