Singapore Business Awards 2021

We’re delighted that Oxford Economics has been announced as the Best Global Economic Forecasting Specialists 2021 for Asia Pacific & Middle East in the latest Singapore Business Awards.

We’re delighted that Oxford Economics has been announced as the Best Global Economic Forecasting Specialists 2021 for Asia Pacific & Middle East in the latest Singapore Business Awards.


Few policy issues are attracting more attention than how to leverage the post-COVID recovery to accelerate the transition to a low-carbon economy. Europe’s Green Deal aims to mobilise €1trn in sustainable investment over the coming decade, President Biden campaigned on a promise to unleash $2trn in clean investment in the US over his first term, and Japan’s ruling party has urged its leadership to follow suit with a fund “comparable to global standards” to help finance Japan’s low-carbon transition.

Economic growth and urbanisation have always gone hand in hand. It was true in Ancient China and in the Roman Empire, in England during the Industrial Revolution, and now in Africa and Asia. But is it really an iron law of economics or of history? And do such laws survive when faced with the grim realities of coronavirus? There are many media reports that residents of the world’s great cities are moving to smaller cities, to towns, or even to the countryside, to escape from congestion, and from the consequent health risks that the big cities supposedly pose. A major study of London has suggested that 700,000 people moved away from the UK capital in 2020.

Australia’s moniker as the lucky country, as mentioned in a previous blog post, has held through the pandemic and is now translating into an economic recovery. Its federal and state governments have gone hammer and nail on funding public infrastructure in response to the pandemic and related economic downturn, and this approach may offer important practices for other countries to follow as they begin to recover from COVID-19.


The COVID-19 pandemic has changed the nature of work dramatically over the last 12 months. Practices that would have seemed unthinkable just a year ago are increasingly commonplace, like the South Korean hospitals that have robots disinfecting surfaces and enforcing social distancing rules. Whilst many of the direct implications of the pandemic are likely to fade once it passes, one of its most significant legacies might end up being how much it accelerates other trends, in particular the rise of robotics and automation.


Growing year-on-year for the past decade, increasing global tourism activity has contributed significantly to economic growth and development, accounting for 10% of global GDP in 2019. This can only be a good thing, right?
For the most part, yes. But in the years before the pandemic, some popular destinations began experiencing overtourism. By ranking the top cities of the Tourism Economics’ Global City Travel service, we see that some of the most visited—such as Dubrovnik, Amsterdam and Venice—are some of the most affected by this phenomenon. The pandemic has temporarily put a pause on travel, but when it inevitably recovers, will overtourism return as well?


Widespread adoption of remote work is expected to be a lasting legacy of the pandemic. But this huge shift in where and how people do their jobs is going to be more challenging—and costly—than many executives may expect.

We’re delighted that Oxford Economics has been included in The Sunday Times HSBC International Track 200 for 2021.