BNY Mellon IM chief economist: Post sell-off market moves are not 'artificial'

Recovery will be determined by outlook for coronavirus spread

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 on the nature of the global economic recovery. High-flying Blue Whale Growth reveals post-coronavirus tech opportunities Speaking to Investment Week, the former chief economist in the UK's Foreign and Commonwealth Office said that while the rebound in asset prices since March lows have been described as "artificial" by some, the evidence suggests otherwise. He explained that while...