Vanguard economic and market update
22 June 2020 | Markets and Economy
Vanguard's key points:
- We see an increased likelihood of China returning to growth as early as the second quarter.
- The next change to our outlook in Asia and Australia could be to the upside.
- While an economic recovery is underway in many parts of the world, economies are a long way from where they would have been in the absence of the Covid-19 pandemic.
- Vanguard's leading trade index implies that global trade will continue to contract into the third quarter, although Asian trade data is showing signs of stabilisation.
The points above represent the house view of the Investment Strategy Group's (ISG's) global economics team and other experts as of 16 June 2020, on a number of economic and market topics.
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