01 June 2021 - After a weak Q1 for the global economy, our baseline forecast is for a strong growth rebound in Q2, and we remain more optimistic than the consensus on prospects for 2021 as a whole.
Understand the economic impact of the coronavirus.
Featured Coronavirus Research Briefings
25 May 2021 - Vaccines are the key to a safe and permanent transition to more normal conditions. But evidence from economies that already have implemented widespread vaccine rollouts confirms our long-held view that high vaccination rates will not be the sole factor.
19 May 2021 - Strong CPI figures in the US have intensified the debate about the inflation outlook, especially in the context of soaring commodity prices.
17 May 2021 - We think that recent inflation surprises are not evidence of a regime shift in price-setting behaviour.
10 May 2021 - Higher headline and core inflation in advanced economies is on the way in H2 as a result of factors including rising commodity prices and supply-chain problems.
04 May 2021 - A global shortage of semiconductors is the latest hiccup to disturb international supply-chains. In our view, though, the shortage is largely a product of strong demand, reflecting the buoyant state of the industrial sector.
27 April 2021 - US earnings growth continues to surprise to the upside, with more cyclical sectors leading the way in the Q1 earnings season.
21 April 2021 - Since the start of the pandemic, eurozone countries have been able to relax fiscal policy without worrying about the eurozone’s fiscal rules. But what will happen when the rules are reinstated, most likely in 2023, isn’t clear.
20 April 2021 - Global trade is recovering so strongly that infrastructure seems unable to support it. As shipping costs reach new highs, reports of delays still aren’t subsiding.
19 April 2021 - In an unwelcome development, global Covid case numbers are rising sharply again. Although this adds downside risk to our economic outlook, we aren’t downgrading our GDP growth forecasts for this and later years because upside risks balance the outlook.
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About Oxford Economics
Oxford Economics is a leader in global forecasting and quantitative analysis. Our worldwide client base comprises more than 1,500 international corporations, financial institutions, government organisations, and universities.
Headquartered in Oxford, with offices around the world, we employ 400 staff, including 250 economists and analysts. Our best-in-class global economic and industry models and analytical tools give us an unmatched ability to forecast external market trends and assess their economic, social and business impact.