BCS Global Markets has joined an online business breakfast hosted by Russia’s leading business daily, Vedomosti, as a partner.
The debate on 10 April 2020 is the latest in a series of events as part of the newspaper’s broader project, Investor Academy.
The morning brainstorming session on Coronavirus Economy: Scenarios attended by BCS Global Markets Chief Economist Vladimir Tikhomirov focused on:
• the impact of the COVID-19 pandemic on the global economy. Is the world facing a global recession or will the economy get some breathing space thanks to recent actions by the world’s leading central banks?
• Should we expect a speedy recovery of OPEC+ and a rebound in oil prices?
• How will ongoing developments and policies put into place by the authorities affect the national economy and the economy of individual regions, the exchange rate of the Russian rouble, inflation, and budget execution?
• Which extra actions should the government and the Bank of Russia take under the current circumstances to protect the national economy, the financial market, and ordinary Russians?
• Where will the global and Russia’s stock markets move? Have the equity and bond markets bottomed out or is it just the local lows? When should we expect a return to a sustainable upward path?
The discussion also featured Alexander Gabuev, expert at Carnegie Moscow Center and Senior Advisor at Albright Stonebridge Group; Vladimir Drebentsov, Senior Economist for Russia and the CIS at BP; Natalya Zubarevich, Professor at Moscow State University and Chief Researcher at the Institute for Social Policy, part of the Higher School of Economics, and Natalya Orlova, Head of Macro Insights, Alfa Bank.
The conference was moderated by Andrey Movchan, head of Movchan’s Group.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.