Malaysia's economy grew at the fastest pace in two and a half years last quarter as Prime Minister Najib Razak boosted spending ahead of an election that will test his grip on power.
Malaysian ringgit banknotes (Bloomberg Photo)
Gross domestic product rose 6.4% in the three months through December from a year earlier, after a revised 5.3% gain in the previous quarter, the Statistics Department said in a statement in Kuala Lumpur today. That compares with the median estimate of a 5.5 percent advance in a Bloomberg News survey of 21 economists. The economy grew 5.6% in 2012.
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