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Key points:

  • 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.

For Professionals: Vanguard economic and market update

For your clients: Vanguard economic update


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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.