US macro, industries, and regions webinar – How will Omicron’s spread impact the economic recovery?
Topic: 2022 is off to a grim start, with Covid case rates already vastly exceeding previous infection waves, public officials in certain regions re-imposing containment measures, and consumers and businesses treading more cautiously. What’s more, executives across an array of industries are stressed by significant supply-side disruptions, pushing up prices and making it hard for them to meet demand. The unresolved health situation, a growing fiscal drag, and a more hawkish Federal Reserve will make for a delicate economic rebalancing this year. But while the recovery will face headwinds, the economy is in a very different place today than in 2020 and 2021. Tune in to learn more about what we think is in store for the US economy – with a spotlight on the path ahead for US industries and regions.
Oren Klachkin | Lead Economist
Oren covers sub-national US economic developments, provides analysis of high-frequency economic indicators and coordinates views across the US macro, industry and cities & regions teams. Prior to re-joining Oxford Economics in 2019, he worked as a Global Economist at Citi, an Economist at IHS Global Insight where he covered the MENA economies and as a Research Associate at ConvergEx Group where he analyzed developments in capital markets.
Lydia Boussour | Lead Economist
Lydia joined Oxford Economics in 2018. She primarily covers US economic and monetary policy developments and provides analysis of high-frequency economic indicators. Prior to joining Oxford Economics, Lydia spent five years at Evercore ISI as a US economist, providing clients with timely analysis on the US economy. She also worked at Société Générale in London and New York as a research associate on the global economics team.
Is sterling in the midst of a sell-off or a full-blown crisis?
Policy announcements are coming thick and fast in the UK at the moment and have been greeted with the most significant sell-off in UK assets in decades. Is this a case of markets overreacting or have the UK public finances been put on an unsustainable footing? Will the Bank of England react to the fall in sterling or are markets setting themselves up to be disappointed? We will set out our views on all these topics and set out the conditions under which we think this volatility will subside.Find Out More
Pre-emptive debt restructuring: a viable scenario for fragile African sovereigns?
The expiry of Covid-19-related support coupled with a surge in the goods import bill has exacerbated pressure on external trade positions for various African sovereigns. We see headwinds intensifying from 2023 onwards in the form of a deepening drought in East Africa, populist-leaning policies aimed at appeasing voter frustrations, large redemptions of external public debt facilities, and moral hazard. The risk profile is fragmented but a common thread can be found across Africa: sovereigns face an uphill battle in meeting the projected external funding requirements. With the risks of disorderly default on the rise and informed by the Zambian blueprint, we investigate the case for pre-emptive debt restructuring for fiscally fragile nations including Egypt, Ghana, and Kenya.Find Out More