Vanguard economic and market update

28 January 2020 | Markets and Economy

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 Vanguard economic and market update

Vanguard's key points:

  • Signs that global trade is beginning to stabilise have emerged, but we are not confident of a significant bounce-back.
  • We are more bearish than the consensus on our growth outlook for the United States, the United Kingdom and China.
  • We anticipate a modest easing of monetary policy by the US Federal Reserve, the Bank of England and the Royal Bank of Australia in 2020.
  • In the UK, we have shifted our base case for interest rates from no change to a 25 to 50 basis point cut this quarter.

 

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The opinions expressed in this article are those of the author and individuals quoted and may not be representative of Vanguard Asset Management, Ltd or Vanguard Investments Switzerland GmbH.

Issued by Vanguard Asset Management, Ltd, which is authorised and regulated in the UK by the Financial Conduct Authority. In Switzerland, issued by Vanguard Investments Switzerland GmbH.

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