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

Recovery will be determined by outlook for coronavirus spread

Mike Sheen
clock • 2 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

UK inflation at 3.4%

clock 27 June 2025 • 2 min read
Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Policies' economic impacts ‘uncertain’

Eve Maddock-Jones
clock 25 June 2025 • 3 min read
Trustpilot