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Our Thinking
BNY Mellon Investment Analyst Simon Cox believes that China’s government is right to embrace the “new normal” of slower trend economic growth. But, he says, falling prices suggest it is also facing something worse: a “new subnormal” of below-trend growth.
BNY Mellon Chief Economist Richard Hoey sees a rebalancing in the global economy and expects economic activity to run at a faster pace in 2015.
Although the plunge in oil prices is creating losers as well as winners, Standish believes cheaper oil prices will be a net benefit for the global economy.
The tremendous accumulation of foreign exchange reserves by world central banks has been one of the great financial market narratives of the early 21st century. What might this mean for investors?
