Global Economic Outlook prepared by Vanguard

The COVID-19 pandemic has produced the most pronounced economic shock in nearly a century. In 2020, recessions around the world were sharp and deep, with significant supply-chain disruptions at times. While the global economy continues to recover as we head into 2021, the battle between the virus and humanity’s efforts to stanch it continues.

For 2021, our outlook for the global economy hinges critically on health outcomes. Specifically, our baseline forecast assumes that an effective combination of vaccine and therapeutic treatments should ultimately emerge to gradually allow an easing of government restrictions on social interaction and a lessening of consumers’ economic hesitancy.

The report has been prepared either in full or as a summary. 

To view the full report, click here.

To view the summary report, click here.

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