Current acc surplus hit 1% GDP low so thus weak Ringgit

Posted by GreatDreamer > 2024-02-24 12:58 | Report Abuse

Msia current account surplus have drop from 15% in early 2000 to 1.7% of GDP in 2023. With more subsidiary, aids, goodies, higher fiscal deficit, the current account will turn to deficit soon. As so, weak Ringgit will persist and become new trend! Weak RM mean higher equity cost for foreign investors, thus lower PE & Valuation for Bursa!

Be the first to like this.

0 comment(s).

Post a Comment
Market Buzz