PM shares wise thoughts as global economy needs brinkmanship and leadership to steer out fragilities – Juwai IQI

KUALA LUMPUR May 26 – Alchemy of financial markets has changed dramatically in the last 15 years.

The global economy continues to stay volatile amid financial fragilities and bazooka in the equity and bond markets.

Juwai IQI Chief Economist, Shan Saeed said: “Monetary and fiscal policy have become the cornerstone for all the governments globally to spur growth and uplift the living standards of masses at macro level.”

Central banks have taken the limelight to deliver economic outcomes, not out of choice but nobody is taking the responsibility in the landscape.

Global economy will remain fragility and uncertain till 2024 or beyond.

“Prime Minister Datuk Seri Ismail Sabri Yaakub has made sagacious thoughts and rightly pointed out that the only way to move forward would be through collaboration and collective effort to surmount these challenges, Shan told DagangNews.com here today.

Shan said when asked to share his views on Ismail Sabri’s speech at 27th International Conference on the Future of Asia in Tokyo on Thursday.

In his debut at the conference themed Redefining Asia’s Role in a Divided World, also known as the Nikkei Conference, Ismail Sabri said the world was facing various threats including climate change, which required regional and international commitment and cooperation.

Apart from stressing efforts to enhance regional economic integration, strengthening negotiation and cooperation mechanisms, Ismail Sabri also shared the Malaysian Family concept in his keynote address.

According to Shan the global economy needs stability in the outlook and collective wisdom of leaders to guide people to bring about prosperity for the whole economy. 

“The conference can become a major milestone for Asian leaders to take the masses to the next level of economic prosperity in the region,” he added. – DagangNews.Com