Vanguard economic and market update
25 November 2020 | Markets and Economy
Vanguard's key points:
- Investor confidence has been boosted in November by news that two Covid-19 vaccine candidates have shown promise, but immense economic challenges still remain.
- Vanguard expects the UK and euro-area economies to contract in the fourth quarter as tighter restrictions are imposed to tackle the second wave of the virus.
- China, by contrast, remains on course to be the world’s only major economy to reach pre-pandemic trend levels of growth by the end of the year.
- Vanguard sees a trade agreement between 15 Asia-Pacific nations as a step towards deepening regional economic integration.
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© 2020 Vanguard Investments Switzerland GmbH. All rights reserved.