Vanguard's global outlook for 2020: Muted Global Growth but Canada is a Bright Spot
23 December 2019 | Markets and economy
Read the full paper to learn what we expect from global markets in 2020 and beyond.
- In Canada, we predict stronger growth (1.6%) than in most other developed economies.
- Ex Canada, growth expected to fall or remain below trend in all markets except U.K. and Mexico due to effects of unpredictable policy.
- Trade tensions dragging down demand and supply, inflation still below targets, looser monetary policy not stimulating the economy as hoped.
- Investors cautioned about potential volatility from 1) lack of clarity on trade and 2) slowing economic growth in the U.S.