Vanguard 2019 economic and market outlook: Down but not out

07 December 2018 | Markets and Economy


Vemo 2019

What might 2019 hold for global financial markets? In its annual economic and investment outlook, Vanguard Investment Strategy Group outlines its expectations for the year ahead. Although several factors will raise the risk of recession, a slowdown in growth—led by the US and China—with periodic “growth scares” is the most likely outcome. Vanguard’s outlook for global stocks and bonds is subdued, yet modestly higher than at this time last year.

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Outlook for 2019 and beyond

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This document is directed at professional investors only as defined under the MiFID Directive. Not for public distribution. It is for educational purposes only and is not a recommendation or solicitation to buy or sell investments. In Switzerland for institutional investors only. Not for public distribution.

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