Malaysia's economy grew at 5% or more in 2012: Ahmad Husni

PUTRAJAYA: Malaysia's gross domestic product growth will reach 5% or more in 2012, surpassing the projected target of between 4.5% and 5%.

Second Finance Datuk Seri Ahmad Husni Hanadzlah said on Thursday the fiscal deficit was expected to be 4.5%, better than the full-year target of 4.7%, given the federal government's prudent spending and increasing revenue.