FYI: Vanguard today released its 10th annual economic and market outlook — the firm’s comprehensive analysis on the current and future state of the global economy and financial markets. Despite slowing global growth, disparate inflation rates, and continued normalization for monetary policy, Vanguard economists believe that a near-term recession will be avoided. In short, economic growth should shift down but not out. From an asset return standpoint, Vanguard foresees a 10-year outlook for a balanced portfolio in the 4%-6% range, representing a modest improvement over 2018.
Regards,
Ted
https://pressroom.vanguard.com/nonindexed/Research-Vanguard-Economic-and-Market-Outlook-2019-120618.pdf
