Vanguard economic and market update
- Growth in the US could slow slightly in the second half of the year after a strong second quarter.
- Data suggests the euro area is experiencing a bounce-back from its double-dip recession as pandemic restrictions ease.
- The four-week delay to full economic reopening in the UK does not materially affect Vanguard’s full-year growth forecast of around 7%.
- Vanguard has cut its full-year growth forecast for China from 9% to just above 8.5% due to a slower-than-expected economic rebalancing.
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Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Issued by Vanguard Investments Switzerland GmbH.
© 2021 Vanguard Asset Management, Limited. All rights reserved.
© 2021 Vanguard Investments Switzerland GmbH. All rights reserved.