A global industrial recession – led by Europe

Jeremy Leonard is responsible for overseeing the work of the industry forecasting team and managing the operation and output of Oxford Economics’ Global Industry Model as well as related consultancy work.

Jeremy’s knowledge and past experience span a broad range, including competitiveness and offshoring/reshoring, commodity price modelling, and applied economic research on sectors ranging from biotech to heavy manufacturing to telecoms. In addition to numerous recurring bespoke sales and output forecasts for industries as diverse as machine tools and consumer packaging, recent consulting assignments have included the drivers of competitiveness in the chemical sector, forward-looking analyses of high-growth sectors across a range of emerging economies, and the ways in which digital technologies are transforming economic activity across manufacturing and service sectors.

Prior to joining Oxford Economics, Jeremy ran his own consulting firm based in Montreal, Canada providing a variety of economic analysis and forecasting services related to commodity prices, competitiveness, and the Canadian and US economic outlooks for the Washington, DC-based Manufacturers Alliance for Productivity and Innovation, as well as serving as economic research director for the Montreal-based Institute for Research on Public Policy.

Born and raised in Washington, DC, Jeremy was educated at the University of Pennsylvania and McGill University, where he received his MA in Economics summa cum laude. He also speaks fluent French.

Nico is an assistant economist in the Industry team, where he works on the development of the industry forecast narrative, on industry-related reports and research notes related to sector-specific and macroeconomic themes and trends. He also produces forecasts and commentary on the transportation and logistics sector and works on bespoke industry consulting projects.

Previously Nico worked at the Bank of Canada in the Financial and Enterprise Risk Department for three years. This involved projects in the area of policy development around and analysis of the credit risks posed by the BoC’s counterparties, a post-Covid balance sheet risk assessment, a review of the internal financial risk framework, and development of the Bank’s strategy for climate-related financial disclosures. Nico holds an MSc Economics from the LSE, achieved with distinction, and a BSc Joint Honours Political Science and Economics from the University of Ottawa. Nico is fluent in English and in German.