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..

Read More...

The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.

Davide Barbuscia is not affiliated with US Wealth Management, LLC and LPL Financial.

1-05309004