VANGUARD’S 2017 ECONOMIC AND MARKET OUTLOOK
Posted on April 3, 2017 in:
Stabilization, not stagnation: Expect modest returns
We’ve seen only a modest global recovery – at time frustratingly fragile – since the global financial crisis. In the United States, for example, the economy has grown at an average annual rate of about 2.00% whereas growth since 1950 has averaged an annual rate of 3.25%. Based on market and economic conditions, our outlook for the equity and the fixed income markets is the most guarded it has been in ten years.