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2023 has been a turbulent year for global industry, with growth on track to come in lower than any other year since 2000 other than the crisis-hit 2009 and 2020. After two years where industrial growth unusually underperformed global GDP, 2024 should see a resumption of the norm where industry outperforms the broader economy.

Oxford Economics undertook an assessment of Kew’s total economic value in the financial year 22/23, which found that Kew delivers £3.81 of benefits for every £1 spent to run it.

This report, following on Oxford Economics’ work that estimated the econoimc impact of the German fashion industry, looks at the global environmental footprint that the industry has in terms of emissions, polliution and resource usage.

Tourism Economics is proud to partner with World Travel Market to produce this comprehensive overview of travel and tourism. Consumers continue to demonstrate seemingly insatiable demand for travel despite a complex and dynamic backdrop, including economic and social challenges. By examining the past and looking to the future we can better understand today’s opportunities. We hope this report sparks new meanings and empowers tourism organisations to make bigger and better decisions.

Demand for silver as an industrial metal is set to shine over the coming decade. It has been given an impetus by the growth in electric vehicles and photovoltaic cells used in solar panels. Its chemical make-up means it is one of the best electrical and thermal conductors among metals, making it perfect for use in solar panels.

Gaming

Oxford Economics worked with Games Investor Consulting to undertake a feasibility study on measuring the impact of overseas M&A in the UK video games industry.

The Global Valve and Actuator Market Outlook report produces market forecasts for over 80 countries, over 30 end-use sectors and 8 valve and actuator categories. The report is an invaluable source of market intelligence, helping to identify the largest markets, key growth markets, as well as potential laggards.

London UK

Should Labour win the UK election next year, we doubt it would be able to generate a marked improvement in UK GDP growth in its first term. Inheriting a poor fiscal position from the current government, high debt servicing costs, and restrictive fiscal rules will limit its room for manoeuvre.

We think the cyclical, temporary factors that are behind the current labour market strength will support a period of strong nominal wage growth. This will gradually make up for the hit to real household incomes.

Dieser Bericht quantifiziert die wirtschaftlichen Beiträge der Musikwirtschaft in der Region Hamburg. Dabei werden Bruttowertschöpfung, Beschäftigung und Steuereinnahmen sowie Musiktourismus und komplementärer Musikkonsum untersucht.

Europe

GDP growth in Europe’s major cities will be modest in 2024, with nearly half seeing a slowdown from 2023. However, given the backdrop of weakening activity across European countries, a loss of momentum is hardly surprising. And even with this difficult setting we still expect city GDP growth to, on average, outpace national economies.

The Polish parliamentary elections, scheduled for October 15, are likely to be deeply consequential for domestic policy and relations with the EU.

Our view is that European commercial real estate (CRE) is not out of the woods yet, but things are looking better than before the summer.

Europe

Services inflation in the Eurozone has remained persistent and within this the price of travel related items such as international flights and hotels have risen significantly this year.

To meet the 2050 climate targets, the global sustainability and climate goals will require massive public and private investments of more than 131 trillion euros.

Investitionsverhalten bei nachhaltigen Finanzinstrumenten: Eine verhaltensökonomisch experimentelle Analyse von “ESG-Präferenzen” und deren Implikationen für Finanzinstitutionen und Politik.

Research Briefing | Sep 21, 2023

Global Scenarios Service: Taiwan Tensions

Global economic prospects remain relatively subdued. The peak impact of past policy tightening has yet to be fully felt in the advanced economies and China is expected to underperform relative to consensus.

Risks to global growth appear to lie to the downside. The peak impact of past tightening and higher-for-longer policy rates could prove more substantial than expected. This could exacerbate existing banking system risks.

Our latest baseline forecast is for world GDP growth of 2.0% in 2024 and 2.9% in 2025. This is a weaker outlook than anticipated in May.

This quarter’s scenarios quantify key risks to the global economy. These relate primarily to geopolitical tensions, the fall-out from monetary policy tightening, and the degree of consumer caution.

To find out more, fill in the form to download the executive summary of this quarter’s Global Scenarios report.

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Research Briefing | Sep 21, 2023

Global Scenarios Service: Taiwan Tensions

Global economic prospects remain relatively subdued. The peak impact of past policy tightening has yet to be fully felt in the advanced economies and China is expected to underperform relative to consensus.

Risks to global growth appear to lie to the downside. The peak impact of past tightening and higher-for-longer policy rates could prove more substantial than expected. This could exacerbate existing banking system risks.

Our latest baseline forecast is for world GDP growth of 2.0% in 2024 and 2.9% in 2025. This is a weaker outlook than anticipated in May.

This quarter’s scenarios quantify key risks to the global economy. These relate primarily to geopolitical tensions, the fall-out from monetary policy tightening, and the degree of consumer caution.

To find out more, fill in the form to download the executive summary of this quarter’s Global Scenarios report.

Read more

This report sponsored by Energy UK uses Oxford Economics’ City Climate Service to examine the regional impacts of the transition to Net Zero. It explores the potential for decarbonisation to close regional disparities and gives examples of areas which have current or future specialisms in decarbonisation technologies.

In the past decade, employment growth in Paris and its surrounding region has been slower than in several other French regions. These other regions are typically in the west and south of France—including Pays de la Loire, Bretagne, Occitanie, and Auvergne-Rhône-Alpes—whereas growth in the north and the north east has been more sluggish. Within fast growing regions, Nantes, Bordeaux, Toulouse, and Lyon have been flourishing.

Oxford Economics have found that restoring the UK’s position as a global leader in logistics could boost UK GDP by £3.9 billion by 2030.