Based on promising signs that COVID-19 vaccines currently in trail are effectiveand production capacity allows for doses to be delivered early-to-mid-2021, Vanguardsees an increased likelihood of the U.S. economy reaching pre-COVID-19 output levelsbefore the end of 2021.
U.S. presidential elections typically don't have a long-term effect on market performance. So how should investors position their portfolios ahead of the 2020 election? This video shares Vanguard's views.
Vanguard's outlook for 2020 GDP across different markets is largely unchanged from last month although there is the possibility of upside revisions to Asia and Australian forecasts, assuming any second waves of infection don't require national lockdown.
The low-interest-rate environment is a favorable backdrop for developed markets to retire pandemic-related debt. Central banks, meanwhile, may soon provide guidance on how they'll start unwinding assets.