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What might 2019 hold for global financial markets? In its annual economic and investment outlook, Vanguard Investment Strategy Group outlines its expectations for growth, inflation monetary policy, and more. Although several factors will raise the risk of recession, a slowdown in growth—led by the U.S. 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. For more of Vanguard’s insights on the year ahead, read this year’s research paper.
The views expressed in this material are based on the authors' assessment as of the first publication date (December 2018), are subject to change without notice and may not represent the views and/or opinions of Vanguard Investments Canada Inc. The authors may not necessarily update or supplement their views and opinions whether as a result of new information, changing circumstances, future events or otherwise. Any "forward-looking" information contained in this material should be construed as general investment or market information and no representation is being made that any investor will, or is likely to achieve, returns similar to those mentioned in this material or anticipated in this material.
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