Global economy needs US$3.7 tln to ward off recession: Analyst


By Tengku Noor Shamsiah Tengku Abdullah (Bernama) 

KUALA LUMPUR, March 12 — The global economy requires an economic stimulus package worth US$3.7 trillion in order to get back to the growth model as it navigates tempestuous times and uncertainty, says an analyst.

Juwai IQI Global chief economist Shan Saeed said at the start of the year, IQI shared with its clients that macroeconomic stability has come under increased scrutiny in many countries, especially in advanced economies.

Sharing his insights on how to get the global macro economy out of the current slowdown in an exclusive interview with Bernama TV on Wednesday, Shan said to date, 17 countries have announced a total of US$57 billion in economic stimulus to bolster their economic growth.

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