Vanguard published its economic and market outlook for 2021 not too long ago. I thought that there are some interesting data on investing, in relation to the world that we lived in, that we can take-away.

How the Recovery will Progress

Very much of the economic recovery will be based on how fast things returned to normal. Productivity, inflation and employment rates depend on activity returning to normal. They look at things in terms of probabilities and likely outcomes. The ramification to various regions will depend on the trajectory of the growth rates. Vanguard thinks it will be some acceleration before returning to the same-old-same-old slow growth rate that we have grown accustomed to pre-pandemic. In any case, we should be expecting this to be the year we try to return to normalcy. The downside path will extend even further beyond 2022. I suspect not every region will recover at the same pace....