PETALING JAYA: Amid external headwinds, Malaysia is expected to see an improvement in the current account surplus this year after it substantially shrank to a mere 1.2% of gross domestic product (GDP) last year.
Economists are projecting the current account surplus to widen between 2.5% and 2.8% this year underpinned by improvement in trade, the bottoming of the global electronics downcycle and strong tourism inflows. In 2022, the current account surplus was at 3.1% of GDP.
