London | Investment management professionals have rubbished the idea of a quick global recovery from the coronavirus crisis, warning of several years of stagnation and a huge risk of asset mispricing as stock markets become increasingly disassociated with economic activity.

The CFA Institute, the global association of investment management professionals, found only 10 per cent believe a quick “V-shaped” recovery was likely based on a survey of almost 13,300 of its members.

Financial Times