Vanguard 2018 economic and market outlook summary

November 20, 2017

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Joe Davis

Joe Davis
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What might 2018 hold for global financial markets? In its annual economic and investment outlook, Vanguard Investment Strategy Group outlines its expectations for the year ahead. The financial markets' low volatility underscores investors' conviction that the current environment of modest growth and tepid inflation is here to stay. We agree with this long-term prognosis but argue that the chances of a short-term cyclical rebound are underappreciated, as are the implications for monetary policy and investment returns.

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