Malaysia will avoid balance of payment crisis as current-account surplus widens, BNM saysMalaysia will not be facing a balance of payment crisis, the central bank said on Wednesday, after the current-account surplus narrowed sharply to its lowest in 26 years.
Current-account surplus is expected to improve in 2024, mainly driven by growth in the tourism sector and export recovery this year, Bank Negara Malaysia’s deputy governor Marzunisham Omar told reporters following the release of the central bank’s annual report.