Economic and market outlook for 2018

December 4, 2017

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Rising risks to the status quo

Joe Davis

Joe Davis
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What could be in store for global financial markets in 2018 and beyond? Strong market returns and low volatility underscore investors' conviction that the current environment of modest growth and tepid inflation is here to stay, Vanguard Investment Strategy Group finds in its annual economic and market outlook. Although this long-term prognosis may hold true, the chances of a short-term cyclical rebound—and the implications for monetary policy and investment returns—are underappreciated. The risks, therefore, lie in mistaking persistent trends for the 2018 cycle.

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