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Vanguard economic and market outlook 2021

Following an extraordinary year for economies and markets, which saw deep, sharp recessions across the world and an unprecedented rollercoaster ride for asset prices, what will 2021 look like for investors?

Will the economy bounce back to normal from Covid-19 once a vaccine is distributed? Or will the pandemic result in longer-term scarring with unemployment left higher for years to come?

As the curtain falls on 2020, we look ahead to the continuing economic impact of the pandemic, as well as the enduring trends likely to gather speed under the long shadow of Covid-19.

Client-friendly outlook summary

Vanguard outlook 2021 summary

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Vanguard outlook 2021 full report