Malaysia's Election May Not Be a Done Deal After All
- Economic upturn, divided opposition to aid ruling coalition
- Cost of living, 1MDB scandal could upset Najib’s chances
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In financial centers around the world, it looks like Malaysian Prime Minister Najib Razak will easily win re-election this week.
“I expect this to be a non-event with Najib coming away with a resounding victory,” said Edwin Gutierrez, the London-based head of emerging-market sovereign debt at Aberdeen Standard Investments, which oversees 575.7 billion pounds ($821 billion) globally. “That is pretty much the overwhelming consensus from the market.”