BNY Mellon IM chief economist: Post sell-off market moves are not 'artificial'
Recovery will be determined by outlook for coronavirus spread
BNY Mellon IM chief economist Shamik Dhar
Concerns that asset valuations are out of touch with economic reality are misplaced, with global fiscal and monetary stimulus more than keeping pace with the pandemic-induced hit to GDP, according to chief economist at BNY Mellon Investment Management Shamik Dhar.
However, Dhar warned investors should prepare portfolios for greater volatility in the months ahead while the outlook for the health crisis and the infection rate itself is set to be the biggest influence...
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