Vanguard's Economic and Market Overview

Vanguard Investment Strategy Group's Global Economics Team Asawari Sathe, M.Sc. Joseph Davis, Ph.D. Global Chief Economist Roger A. Aliaga-Díaz, Ph.D. Americas Chief Economist Joshua M. Hirt, CFA Andrew J. Patterson, CFA Adam J. Schickling, CFA Julia Jiang As of April 13, 2022. For institutional use only. Not for distribution to retail investors. Jumana Saleheen, Ph.D. Europe Chief Economist Shaan Raithatha, CFA Roxane Spitznagel, M.Sc. Lulu Al Ghussein, M.Sc. Qian Wang, Ph.D. Asia-Pacific Chief Economist Alexis Gray, M.Sc. Maximilian Wieland V 30 |

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