Kimberly Cabello
Starting in late May 2023, Oxford Economics, in collaboration with TikTok, initiated a study to better measure the economic value of the TikTok platform to local communities across the US. As part of the research, we surveyed 1,050 SMBs that use TikTok, and 7,500 TikTok users to learn how businesses and users interact with the app and leverage the economic and social opportunities it provides.
When business leaders think of the “thresholds” that hold meaningful consequences for their organisations, ones affecting corporate tax or regulatory requirements might be the examples that first come to mind. However, another kind of threshold deserves businesses’ more immediate attention – the environmental thresholds at which abrupt and potentially irreversible changes to the Earth and its systems occurs.
Oxford Economics and ConstructConnect produce forecasts for US and Canadian construction starts as part of ConstructConnect’s Insight Forecast. These forecasts include 34 building categories in the US and 23 categories in Canada, and the US and Canada national and regional data segmented by state, MSA (CMA), and county level. With these changes in the market dynamics, prudent forecasts help businesses to make informed decisions, and ultimately help support the wider economy.
This report examines analyses the accountancy profession’s direct impact on GDP, jobs, tax revenues, business purchases, and trade for the UK and Ireland. Additionally, we have included case studies, to provide further insight into the activities of the profession and its wider socioeconomic and environmental impact.
The Department of Labor has proposed to raise the salary threshold that executive, administrative, and professional workers must be paid to be exempt from overtime requirements from its current value of $684 per week to up to $1,158 per week (a 69% increase). This report analyzes the economic effects of this proposed regulation.
We are unconvinced that recent measures mark a turning point in China’s housing downturn and the resulting banking system is likely to be less profitable, impairing the transmission mechanism of future monetary policy. In this week’s Beyond the Headlines, join Louise Loo, Lead Economist, Macro Forecasting and Analysis, as she discusses if the banking system can rescue the Chinese property sector.