Webinar: A Macroeconomic View of the Global Markets & The UK Economy

Thursday, 06 May 2021
12:00 pm – 1:00 pm
    • Shamik Dhar, Chief Economist, BNY Mellon

This is an opportunity to hear from BNY Mellon’s Chief Economist Shamik Dhar as he provides a macroeconomic review of global markets as the UK takes its first tentative steps to opening up the economy and building its path to recovery.

Shamik will look at the extraordinary year that was 2020, before setting the scene for what he and the team think could happen over the next 12-18 months, including the key drivers for the UK and Global markets.

Learning Objectives
At the end of this session delegates will be able to identify:

Looking back
• The ‘actual’ economic impact felt by the pandemic and the policy response from both Central Banks and Governments
• How did the markets react to the actions taken – addressing the recovery of markets and the ‘shape’ of recovery to come

Looking at the here and now
• Good News vs Bad News – 2021’s recovery depends broadly on the impact of the good news (vaccine rollout) versus the threat of new variants (Bad news)
• Are we on the brink of a strong inflationary period in the markets and structural unemployment as we exit Lockdown restrictions

Looking forward
• Shamik will provide the Team’s scenarios and explain the probabilities assigned to each of them, forecasts for GDP across the globe and the different asset classes

Shamik Dhar, Chief Economist BNY Mellon Investment Management.

Shamik Dhar has 33 years’ experience as an economist. Starting in H.M. Treasury as an economic assistant in the mid-1980s, he moved to Oxford Economic Forecasting and then spent most of the 1990s as a senior economist in the Bank of England, where he worked on the UK economic forecast in the early days of inflation targeting and on monetary policy analysis in the early days of the Monetary Policy Committee.

Shamik moved to Aviva Investors (formerly Morley Fund Management) in 2000 and spent the next 14 years in the City of London, ending up as a Head of Investment Strategy. In 2014, he became Chief Economist at the Foreign and Commonwealth Office in a period of rapid geopolitical and economic change, advising ministers and senior officials on the economics of Brexit. Shamik joined BNY Mellon as Global Chief Economist in October 2018. Shamik has a degree in Philosophy, Politics and Economics from Oxford University and a Masters in Economics from Queen Mary College, University of London. He also spent a year as a visiting scholar at the University of Pennsylvania in the mid-1990’s.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.