Economic and market outlook: A midyear update

Mary P. Humphrey

We sat down with economists in Vanguard’s Financial commitment Technique Team to get stock of how the pandemic has reshaped their outlook for the economic climate and in which they see markets going from listed here.

The title of Vanguard’s outlook for 2020 was “The New Age of Uncertainty.” It looks nearly prophetic in retrospect.

Joe Davis, Vanguard global main economist: It is genuine that we had been anticipating heightened uncertainty this yr owing to problems about global development, unpredictable policymaking, trade tensions, and Brexit negotiations. But we could not have foreseen a viral pandemic that would be so

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EU Agrees to $857B Economic Recovery Plan

Mary P. Humphrey

Overcoming deep divisions above some of its terms, European leaders agreed Tuesday to a historic offer to rebuild EU economies ravaged by the coronavirus crisis.

Under the agreement, which was attained right after a contentious five-working day summit in Brussels, the EU will borrow 750 billion euros ($857.33 billion) for a recovery fund to be dispersed among member states, with 390 billion euros ($446 billion) heading towards grants to the hardest strike and the rest offered as loans.

European Commission President Ursula Von Der Leyen and European Council President Charles Michel at the European summit in Brussel.

Leaders also agreed

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Syrians Vote for New Parliament Amid Virus Outbreak, Economic Crisis

Mary P. Humphrey

Syrians went to the polls Sunday to elect a new parliament in the midst of a coronavirus outbreak and a deepening economic disaster, as President Bashar al-Assad attempts to fortify his political grip on the country right after approximately a ten years of war.

The tightly controlled vote is the third to just take position in Syria due to the fact the conflict commenced in 2011 and is intended to confer a veneer of legitimacy on Mr. Assad, who final week marked two a long time in workplace.

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France’s Macron Seeks to Restart His Economic Agenda

Mary P. Humphrey

PARIS—President Emmanuel Macron’s freshly fashioned governing administration has resumed negotiations with unions on his proposal to overhaul France’s pension technique, placing an explosive issue again on the table as the state navigates the health and economic fallout of the coronavirus pandemic.

Jean Castex, whom Mr. Macron named prime minister final week, fulfilled with the leaders of France’s most significant unions Thursday to explore the overhaul, which was shelved in March as the state went into lockdown.

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Economic downturn may be deep, sharp, and short-lived

Mary P. Humphrey

Transcript

Tim Buckley: John, as you know, our purchasers adore listening to from Joe Davis, our world wide main economist. But they only hear the area of his outlook. You get his total in-depth investigation and you get to discussion it with his crew. So give us a window into that. What do you guys do? What’s your outlook appropriate now and how are you putting it in motion with our resources?

John Hollyer: Indeed, Tim, at the greatest amount, doing work with Joe, we’ve gotten his team’s insights that this is very likely to be a extremely

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