Exit Strategies Need to Be ‘Gradual,’ Al-Jasser Says

The global economy is still in a recession “despite positive signs” in markets and exit strategies need to be gradual, Saudi Arabia’s central bank Governor Muhammad al-Jasser said.

Al-Jasser also cautioned against “harmful” accommodative monetary and fiscal actions and said that conservative policies gave his country a “vital” tool during the financial crisis.

“The activation of stimulus exit strategies is still early as it needs good timing and gradualism during the next few months,” he said.