“We’ve seen numerous media reports citing the duration of the post-2008 economic recovery, along with the recent volatility in the U.S. stock market, as indications that a recession is imminent. Vanguard Global Chief Economist Joe Davis shares his view that, despite these concerns, key elements of the U.S. economy remain strong. The annual economic and investment outlook prepared by Joe’s team forecasts a slowdown in the U.S. economy and anticipates periods of market turbulence ahead, but the overall data lead his team to conclude that a full-fledged recession is unlikely to take place in 2019. ”
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