UK & London Economic Outlook
2021 began, economically, on the same socially distanced and locked-down note that characterised much of last year. But the rollout of Covid vaccines offers some light at the end of the tunnel. Just how hard have Covid and measures to control the virus struck the economy, and how enduring, or otherwise, might the damage be? And how realistic are hopes that vaccines and other positives could unleash a rapid rebound as pent-up demand is released and consumer and business confidence recovers? Join us as we discuss our latest outlook for the UK and London economies, including a deep-dive into the tourism sector.
George Armitage | Managing Director, Global Real Estate & Specialist Markets Group
George is responsible for managing and co-ordinating Oxford’s Global Real Estate division including all sales, product development and business strategy. George also heads up Oxford’s Specialist Markets Group, focusing on global growth across Oxford’s Tourism, BIS and NKC economic business groups.
George is a member of the senior management committee and has spent 9 years with Oxford, after joining in 2012 to set up its real estate division. His main responsibilities include growing Oxford Economics’ presence within the real estate sector throughout EMEA, Asia and the Americas.
Martin Beck | Lead Economist
Martin Beck is a Lead Economist at Oxford Economics. He is responsible for forecasting and monitoring the UK economy and works on a variety of UK macro-related consultancy projects. Martin contributes regular articles to a number of our publications and is also responsible for OE’s forecast for the Irish economy.
Anthony Light | Director of City Services
Anthony is Director of City Services at Oxford Economics. He specialises in sub-national economic forecasting and analysis and is responsible for overseeing our suite of global city forecasting services and city consultancy projects.
Anthony has worked extensively with a broad range of clients across both the public and private sectors, especially the real estate industry. He has led a number of major consultancy projects, with recent examples including providing location advice to property companies wishing to invest in European markets, an assessment of the impact of the recession on major global cities, and numerous city benchmarking studies.
David Goodger| Director of Tourism Economics, EMEA
David Goodger is Director of Tourism Economics, Europe. He has been instrumental in developing the global model of tourism flows and spending, which covers 185 origins and destinations, and he continues to manage the regular forecast updates. He also maintains an active role in new product development and consultancy work.
David Goodger is a Director within Tourism Economics, and primarily concentrates on tourism demand forecasting and market sizing. He has also taken an active role in further model development for specific purposes, with an emphasis on examining the economic contributions of particular sectors and the impact of different policies. He has conducted groundbreaking analysis of the business travel sector for the WTTC and the US Travel Association which estimates the return on investment of corporate spending on travel and he has developed models to define destination marketing allocations.
Nordic outlook: Divergent fortunes
We expect growth in the Nordic economies to pick up but diverge this year with Denmark performing the best and Sweden the worst. In this webinar, we explore the key drivers of our Nordic macroeconomic, industry, and cities forecasts and the risks around them.Find Out More
On a slow path towards recovery
While the worst may be over for the eurozone economy, the prospect of a quick revival in growth is limited. Activity should pick up stronger in the second half of 2024 as falling inflation supports real incomes and consumer spending, but more restrictive fiscal policy as government priorities shift from providing support to deficit reduction will drag on growth. We expect the ECB to commence with rate cuts in Q2, although growth won’t receive a boost until 2025.Find Out More