US Executive Podcast – May 2021
Gregory Daco, Chief US Economist, and Kathy Bostjancic, Chief US Financial Economist, discuss how the economic recovery from the pandemic-induced shutdown will be bumpy as the nature of demand rotates toward services, and supply gradually responds to strong demand. Job growth will pick up sharply this summer, spending on services will firm and inflation will likely stop accelerating in H2. Still, while supply chain bottlenecks and labor shortages will ease in the coming months, inflation will be a feature of this recovery, not a bug. The Fed’s conditional outcome-based forward guidance is not hawkish. It generally aligns with our view that discussion around QE tapering will start this summer with a possible Jackson Hole announcement provided the economic trajectory remain solid.
Climate change: The big hairy audacious problem… with the big hairy questions
Climate change is here. And (almost) everyone accepts that urgent and transformational action is necessary by policymakers and organisations to understand and mitigate its impact. But it’s a larger, broader and more complex challenge than any other we’ve faced in modern times, and many organisations are struggling to decide where to start, let alone what to do. There are definitely more questions than answers. We have brought together experts from across Oxford Economics to discuss some of the questions they have been asked recently.Find Out More
Economic woes and travel flows – tourism outlook
Travel recovery has accelerated throughout 2022, with strong rebounds evident in a wide range of destinations during the northern hemisphere summer months, as travellers have begun to return to more typical activities. However, complete recovery to pre-pandemic levels is not guaranteed. In this session we will explore the impacts of the slower economic activity and rising costs on travel demand and present our latest global outlook.Find Out More