Malaysia’s Economic Growth Accelerates to Fastest Since 2010

Malaysia’s economy grew at the fastest pace in 2 1/2 years last quarter as Prime Minister Najib Razak boosted spending ahead of an election that will test his grip on power.

Gross domestic product rose 6.4 percent in the three months through December from a year earlier, after a revised 5.3 percent 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 percent last year.