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Stabilization, not stagnation [Expect modest returns]
By The Vanguard Group
2017 Economic and market outlook
We’ve seen only a modest global recovery—at times frustratingly fragile—since the global financial crisis.
In the United States, for example, the economy has grown at an average annual rate of about 2.00%, whereas growth since 1950 has averaged an annual rate of 3.25%. Based on market and economic conditions, our outlook for the equity and fixed income markets is the most guarded it has been in ten years.
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