Economists call for greater regional cooperation to help economic recovery

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Apec finance ministers have stressed the need for coordinated multilateral cooperation to help the region bounce back from the Covid-19 pandemic.PETALING JAYA: Economists say strengthening regional ties, as agreed to by Asia-Pacific Economic Cooperation (Apec) finance ministers recently, will build the foundation for a strong and sustainable post Covid-19 economy.In a joint statement earlier this week, Apec finance ministers stressed the need for coordinated multilateral cooperation to help the region bounce back from the pandemic – which has seen several economies hit by double-digit drops in quarterly GDP between Q1 and Q2.Centre for Market Education Malaysia CEO Carmelo Ferlito called the ministers’ message “positive”, stating it was clear that Covid-19 and the consequences of the various lockdowns on movement required a coordinated strategy in order to start economic recov…