Vanguard economic and market update
29 May 2020 | Markets and Economy
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.
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.
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© 2020 Vanguard Investments Switzerland GmbH. All rights reserved.