🎓 Vanguard: Inflation Still the Key Swing Factor Across Major Economies
Vanguard's latest economic update sees US growth at 2.3% in 2026, with the Fed likely holding rates as inflation stays above target.
• UK growth is pegged at just 1.1%, with the Bank of England expected to raise rates twice this year — though slower wage growth could mean a smaller hike.
• The euro area could still tip into a technical recession before recovering, while China's 4.7% growth leans on AI-driven export demand rather than domestic spending.
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