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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
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© 2020. BNY Mellon Investment Management EMEA Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
2 July 2020

Why major infrastructure spending could aid economic recovery

In the same way that President Roosevelt shored up the US economy during the Great Depression era with his New Deal, governments around the world could come to rely on infrastructure projects to help with their economic recovery efforts and we expect infrastructure sectors will see an uptick in growth as a result.

 

Given the chronic state of disrepair we see in the US infrastructure space today, and the seemingly endless willingness of the US government to stimulate the economy with fiscal spending right now, we think this is going to be, yet again, probably the sole area where both mainstream candidates will agree on headed into the November US elections.

 

In addition to this, large-scale infrastructure projects typically involve large scale job programmes, which should get people back to working or offer new employment opportunities.

 

Jim Lydotes,  portfolio manager, Mellon 

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.

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