Economist: Banks’ targeted assistance appropriate

Juwai IQI chief economist Shan Saeed (file pic) said with the economic growth outlook to stand at between 3% and 4% for 2021, which is highly desirable in the current scenario, both customers and banks needed to assess the position at this point of time.

PETALING JAYA: Banks’ targeted assistance approach to help needy customers is viewed as the most appropriate solution for now as the movement control order (MCO) 3.0 would likely be a short one.

The acceleration of the ongoing vaccination programme to curb the spread of Covid-19 is expected to result in a drop in the number of cases soon, said an economist.