S&P Global: Malaysia’s Current Account to Recover up to 3.0% in 2021

S&P Global Ratings (S&P Global) anticipates a recovery in Malaysia’s current account surplus, up to 3.0% of Gross Domestic Product (GDP), in 2021. According to local media, Malaysia’s current account surplus has always supported the country’s long-running fiscal deficit.

Reported at 2.9% of GDP for the first quarter of 2020, Malaysia’s current account surplus was largely steady against the 2.7% of GDP average recorded over the preceding five-year period, according to local media reports. S&P Global’s Sovereign and International Public Finance Ratings Director and Lead Analyst for Asia Pacific, Andrew Wood, stated that the current account surplus had averaged between 2.0%-4.0% o...