The economic outlook for the next 10 years will be one of resiliency, with the U.S. in 2014 and 2015 facing cyclical risks tilted toward better-than-trend growth for the first time since the onset of the global financial crisis, Vanguard said Thursday.

In releasing its economic and investment outlook for the next decade, Vanguard makes its predictions for seven key areas: the global economy, inflation, monetary policy, interest rates, the bond market, the global equity market and asset allocation strategies.

The fund firm said that as in past outlooks, “we anticipate that the modest global recovery will likely endure at a below-average pace through a period of low interest rates, continuing high unemployment and debt levels and elevated policy uncertainty.”

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