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The Oxford Economics’ and Adecco Group’s Business Leaders research investigates the changing world of work from the executive perspective. Our research focuses on the impact on talent strategy of Artificial Intelligence (AI) and Generative AI (GenAI).

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The strength of the labor market and lingering worries about inflation among Federal Reserve officials have led us to push the timing of the first rate cut from the May to June meeting of the Federal Open Market Committee.

We will retain our below-consensus 2024 GDP growth forecast of 1.9% for Mexico irrespective of the presidential election results on June 2, and continue to project a 2% expansion in 2025. Loss of momentum in Q4, weak activity in January, and base effects have set the course for this year.

This report delves into research conducted in Q4 2023 across five key cruise markets, all indicating strong cruise demand. Our comprehensive market intelligence aims to equip the travel industry with insights into the significant growth potential in the cruise industry.

In collaboration with Deloitte, Oxford Economics surveyed 1,000 global executives and board leaders in order to understand their perspectives on emerging human capital issues.

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.

This report explores the global graphite market, rationales for trade action on Chinese graphite, and the history of Section 301 tariffs on US imports of graphite anode material from China.

This study, commissioned by the Motion Picture Association (MPA), focuses on the show “Pitch Perfect: Bumper in Berlin”, and analyses the production’s total economic impacts in Germany in 2022, when the series was filmed. The study also considers the wider impact on Germany’s economy.

In this presentation deck, Innes McFee, Chief Global Economist, explains how the outlook for the year is cautiously optimistic. Over the last year, inflation has come down as we expected with the economy holding up relatively better in the second half of the year.

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.

AI

Oxford Economics is proud to have contributed to the following research studies highlighted at the World Economic Forum’s annual gathering in January.

Oxford Economics have collaborated with and Royal London to explore the implications of increasing mandated minimum pension contributions in the UK.

In partnership with Siemens, Oxford Economics surveyed 100 decision-makers from electric utilities in North America to gain insight into how they are managing their grid with the influx of electric vehicles, solar panels, and batteries.

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.

Oxford Economics were commissioned by TikTok undertake economic modelling of the impact of SMEs using TikTok as an innovative platform for growth. To do this, we drew on new survey research, complemented by case studies of SMEs.

The UK inflation outlook has been transformed by steep falls in oil and gas prices and the recent softening in core price pressures. We now expect CPI inflation to average 2.1% in 2024, down from our November forecast of 3.1%. Inflation is on track to return to the 2% target in April.

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.

he Q4 update of our IFRS9 and CECL scenarios services paints a more pessimistic view of the balance of risks to the global economy, albeit with a lower peak in policy rates and higher terminal rates than we saw in Q3.

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.