I am both honoured and energised to step into the role of Chief Executive Officer at Oxford Economics. Having spent the last 8 years here, including 5 as Chief Global Economist, I’ve seen first-hand how our people, our clients, and our shared purpose have made Oxford Economics the trusted name it is today. As we look ahead, I want to take a moment to reflect on what defines Oxford Economics and where we’re headed next.
Jessica Pols
Concerned about the lingering effects of inflation, rising interest rates, and the impact of geopolitical turmoil, many consumers are tapping the brakes on spending while businesses reconsider their investment strategies. Despite this slowdown, certain industries will continue to offer growth opportunities in the coming year.
A palpably cautious mood has settled over central banks, economists, and corporate leaders. In many countries, the rise in interest rates – and thus borrowing costs – is slowing, sparking optimism that the worst of the global inflationary surge has passed. Still, global volatility is causing experts concern.
In our latest monthly forecast, we raised our aggregate 2023 GDP growth forecast for emerging markets (EMs) by 0.1ppt to 4.1%. We raised our 2023 GDP growth forecast for China by 0.1ppt to 5.2% after a slight outperformance in Q3, consistent with the official growth target of “around 5%”. We maintain our 2024 aggregate EM growth forecast at 3.6%.
Our blog will allow you to keep abreast of all the latest regional developments and trends as we share with you a selection of our latest economic analysis and forecasts. To provide you with the most insightful and incisive reports we combine our global expertise in forecasting and analysis with the local knowledge of our team of economists.
Our latest research has focused on what the most extreme and persistent inflation overshoot of the inflation targeting era means for monetary policy cycles in the medium term.
In this week’s Beyond the Headlines, join Innes McFee, Chief Global Economist, as he discusses how inflation expectations are clearly less well-grounded than policymakers had hoped.
Our blog will allow you to keep abreast of all the latest regional developments and trends as we share with you a selection of our latest economic analysis and forecasts. To provide you with the most insightful and incisive reports we combine our global expertise in forecasting and analysis with the local knowledge of our team of economists.
This week we turn our attention to Brazil. Latin America’s strongest economy just reported stronger than expected growth in Q1, and the lower House of Congress voted to approve a new fiscal rule.
Marcos Casarin, Chief LatAm Economist, explores Brazil’s surprisingly strong start to the year in this week’s Beyond the Headlines video.
Over the past six years we’ve maintained the unique modelling and analysis that clients and the media have come to rely on from BIS Shrapnel while incorporating Oxford Economics’ rigorous global modelling and analytical framework to complement it,” said David Walker, Director, Oxford Economics Australia.