Global economic growth is expected to remain frustratingly fragil for some time, with long-term trend growth in the major economies significantly slower than during past decades, according to Vanguard’s newly released Economic and Investment Outlook. The U.S. economy will likely remain resilient with anticipated growth above trend in the new term, but it won’t be immune to the recessionary and deflationary risks facing Europe and the downward shift in China’s economy.
U.S. Europe China Vanguard