The leader in global forecasting and quantitative analysis

December / January 2019

  • With few clear signs of recovery emerging, and a renewed escalation of trade tensions, we expect global growth to reach a low in early 2020 and then pick-up only gradually from there.
  • While there have been tentative signs that world industrial output and trade reached a trough in late 2019, activity in services has softened, so global growth may weaken further around the turn of the year.
  • We still see world growth bottoming-out in Q1 2020, with a pick-up following as widespread policy loosening starts to take effect. But any revival will be weak and we still expect global growth of only 2.5% this year and next.
Download free report

Oxford Economics is a leader in global forecasting and quantitative analysis, with the world’s only fully integrated economic model and 250 full-time economists, we help our clients track, analyse, and model country, industry, and urban trends.

Learn more

Our economists and thought leadership specialists are expert at applying advanced economic tools to provide valuable insights into today’s most pressing business, financial, and policy issues.

Learn more

Latest Analysis

We now offer comprehensive forecasts and analysis for more than 3,500 sub-national economies in the US, spanning all 50 states, 382 metro areas and 3,142 counties.

Learn more

Following the recent release of our Sovereign Risk Tool, we have introduced a complementary tool measuring currency risk.

Learn more about the FX Risk Tool and Sovereign Risk Tool

Comprehensive analysis of national and urban economics in Africa.

Learn more

We run an extensive, worldwide programme of illuminating forums and roundtables with presentations from our economic experts.

What's on?

In the media

See all tweets

Latest tweets

  • The Hays Global #Skills Index 2019/20, produced with OE, analyses the challenges facing organisations in their labour market as they search for the most sought-after talent. Read the full report at:

  • In #Asia, we expect growth to stabilise in 2020 though #China will slow further. 2019's synchronized downturn is likely to to give way to more diverse outcomes with economies that push harder on policy levers outperforming others. Our 2020 Asia outlook:

  • Our 250 economists have updated our monthly forecasts - download a FREE SUMMARY: We see a further slowdown into 2020 and world growth of 2.5% this yr and next, the weakest since 2009. But despite heightened recession risks, we think this shd be avoided.

  • As highlighted by AFP, our new 'Global Cities' study shows the #globaleconomy slowdown biting on growth in #cities worldwide. Of the top 900 cities we find just under two-thirds will see slower growth in 2020-21 than in the past 5 years: @heatherscottafp

  • Customer trust is getting harder to earn (and keep). Find out how leading organizations are leveraging #data, #AI, #blockchain and other technologies to win the battle for trust. Our latest #CsuiteStudy with @IBMIBV:

  • Latest developments confirm the #USeconomy isn’t about to fall off a cliff. Looking ahead to 2020, we see a good chance of a soft landing ahead. Our top calls for next year:

  • More than a year after agreement on the #USMCA trade accord, the deal looks likely to pass the US Congress and be signed by the President. The importance is not modernising #NAFTA but in preventing breakdown of #trade between the US and key trade partners: