U.S. recession risk up, but returns set to improve - Vanguard
NEW YORK, July 13 (Reuters) - Vanguard Group, the world's second-biggest asset manager, said on Wednesday the U.S. economy had a growing chance of falling into recession in the next two years but raised its expectations for annual returns on stocks and bonds.
The Pennsylvania-based mutual fund manager noted a 25% probability of a U.S. recession over the next 12 months and 65% over the next two years. In the Euro area, the chance of a recession is around 50% over the next year and 60% over the next two years, it estimated..
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Davide Barbuscia is not affiliated with US Wealth Management, LLC and LPL Financial.