Vanguard economic and market update

22 June 2020 | Markets and Economy

 Print

 Vanguard economic and market update

Vanguard's key points:

  • We see an increased likelihood of China returning to growth as early as the second quarter.
  • The next change to our outlook in Asia and Australia could be to the upside.
  • While an economic recovery is underway in many parts of the world, economies are a long way from where they would have been in the absence of the Covid-19 pandemic.
  • Vanguard's leading trade index implies that global trade will continue to contract into the third quarter, although Asian trade data is showing signs of stabilisation.

The points above represent the house view of the Investment Strategy Group's (ISG's) global economics team and other experts as of 16 June 2020, on a number of economic and market topics.

 

Infographic

 

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.

 Print