Vanguard economic and market update

29 May 2020 | Markets and Economy

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 Vanguard economic and market update

Vanguard's key points:

  • We expect a modest rebound in the global economy in the second half of the year, although economies are likely to lag behind their pre-virus trends.
  • We believe additional policy support will be needed in the US, UK and euro area to protect households and businesses.
  • We expect inflation will continue to remain below target in most developed market economies in the short to medium term. The gap between actual and potential output is expected to widen as demand takes longer to recover than supply.
  • US-China tensions are likely to continue to weigh on markets for the foreseeable future.

 

 

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Investment risk information:

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Past performance is not a reliable indicator of future results.

IMPORTANT INFORMATION

For professional investors only (as defined under the MiFID II Directive) investing for their own account (including management companies (fund of funds) and professional clients investing on behalf of their discretionary clients). In Switzerland, this document is directed at professional investors and should not be distributed to, or relied upon by retail investors.

The material contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information in this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.

The material contained in this document is for educational purposes only and is not a recommendation or solicitation to buy or sell investments.

Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Issued by Vanguard Investments Switzerland GmbH.

© 2020 Vanguard Asset Management, Limited. All rights reserved.

© 2020 Vanguard Investments Switzerland GmbH. All rights reserved.

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