• This paper presents Vanguard’s global perspectives on the future of
growth, inflation, interest rates, and stock and bond returns over the
next ten years. As in past outlooks, we anticipate that the modest
global recovery will likely endure at a below-average pace through a
period of low interest rates, continuing high unemployment and debt
levels, and elevated policy uncertainty.
• We detail how, after years of slightly disappointing 2% real growth,
the U.S. in 2014–2015 faces cyclical risks tilted toward better-than-trend
growth for the first time since the onset of the global financial crisis.
Our economic outlook, in short, is one of resiliency.
https://pressroom.vanguard.com/nonindexed/Updated_Vanguard_economic_and_investment_outlook_January_2014.pdf
Forecast
growth, inflation, interest rates, and stock and bond returns over the
next ten years. As in past outlooks, we anticipate that the modest
global recovery will likely endure at a below-average pace through a
period of low interest rates, continuing high unemployment and debt
levels, and elevated policy uncertainty.
• We detail how, after years of slightly disappointing 2% real growth,
the U.S. in 2014–2015 faces cyclical risks tilted toward better-than-trend
growth for the first time since the onset of the global financial crisis.
Our economic outlook, in short, is one of resiliency.
https://pressroom.vanguard.com/nonindexed/Updated_Vanguard_economic_and_investment_outlook_January_2014.pdf
Forecast
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