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A midyear update on our economic and market outlook

A midyear update on our economic and market outlook August 2, 2021 The outlook for the global economy continues to hinge on health outcomes. In our annual economic and market outlook published at the end of 2020, Vanguard economists expected that the path to recovery would be uneven and varied across industries and countries, even once effective vaccines for COVID-19 became available. Fast forward half a year. The pandemic is still far from over as new virus variants surface where vaccination rates lag and as the human toll continues to mount, especially in less developed economies. Yet macroeconomic indicators signal that the global economy is rebounding faster than many had expected from its sharpest contraction in modern history. That rebound is reflected in our current full-year GDP growth forecasts, which remain roughly in line with our optimistic projections at the start of 2021. In some places, we’ve upgraded our forecasts; in others, we’ve downgraded them.

A shares still attractive for overseas investors

A shares still attractive for overseas investors By ZHOU LANXU | China Daily | Updated: 2021-04-06 08:58 Share CLOSE An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily] The Chinese mainland stock market remains very attractive for global investors over the long term, although a stretched valuation has magnified the volatility of A shares, a leading investment company said. Wang Qian, Asia-Pacific chief economist with the US-based Vanguard Investment Strategy Group and global head of Vanguard Capital Markets Model, said the forecast is based on growth outlook and diversification benefits of the A-share market.

Garrett Harbron: Advice on getting retirement spending in (the right) order

Garrett Harbron: Advice on getting retirement spending in (the right) order Content by subject Professional Adviser hosts must-attend events for the financial adviser sector. The success and reach of the brand has enabled us to deliver a series of market-leading events, including our popular breakfast briefings, awards and conferences. Download and use the apps Access your subscription from outside of the office Get relevant news and insight straight to your inbox Forewarned is forearmed Garrett Harbon Retiring clients should be made aware that spending savings in the right order can make a huge difference to their finances, writes Garrett Harbon

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