Roger Aliaga-Diaz, Vanguard's chief economist, Americas, and head of portfolio construction, explains why investors should maintain their bond positions even in an environment of rising interest rates.
In the United States, a more recent trend of daily COVID-19 vaccinations approaching 1 million reaffirms our outlook for GDP growth above 5% in 2021. Additional fiscal stimulus would introduce the potential for further upside to growth.
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.
02 Dec 2020
read time9 min
Research & commentary
Access Vanguard’s latest insights on the impact of the Coronavirus on the markets and economy.