Sanele Mjikane 
Despite the recent uptick in wholesale electricity prices, we expect to see industrial electricity prices in Europe fall slightly through 2025. The declines will be driven partly by the delayed pass-through to industrial retail prices of wholesale electricity price declines experienced last year.
European pharmaceuticals, machinery, and high-tech goods are heavily exported to the US, making them vulnerable to across-the-board US tariffs. However, European pharmaceuticals make up a sizeable share of total US consumption of this product, so the imposition of tariffs on the sector would be harmful to US households and businesses.
The UK can capitalise on growing opportunities in green innovations by investing in sectors where it has a competitive advantage. This study identifies the innovations for which the UK has the greatest potential to unlock economic growth.
Saudi Arabia’s fiscal deficit widened to 2.8% of GDP in 2024, broadly in line with our expectations. With both non-oil sectors’ momentum holding and oil revenues expected to gradually rise this year, our forecast of a narrowing deficit to 1.6% of GDP in 2025 remains intact.
Climate change is one of the greatest challenges of this century.
Dubai’s GDP grew by 3.1% in the first nine months of 2024, driven by critical sectors such as transport, information & communication, and financial activities. This reflects the emirate’s commitment to key development areas outlined in its D33 agenda, including technology adoption and transport expansion. The agenda aligns with the national strategy to strengthen the non-oil sector, particularly in real estate and finance. UAE non-oil growth is expected to remain strong in 2025 at 4.8%.
This study, commissioned by Reckitt, assesses the economic footprint of Reckitt’s U.S. operations on the U.S. economy in 2023.
Evidence-based short-term rental rules protect the right to live, host, and travel affordably in Europe.
Saudi Arabia’s latest PMI signals the strongest non-oil economic growth since 2014, driven by robust domestic demand.
Consulting Report Ensuring that the UK can capture the benefits of quantum computing Commissioned by IBM and Oxford Quantum Circuits You might be interested in
New research from Oxford Economics, published today, predicts that quantum computing could give the UK an economy-wide productivity boost of up to 7% by 2045 – equivalent to every worker achieving an additional three weeks’ worth of productivity per year without working an extra hour.
Consulting Report Beer’s Global Economic Footprint Commissioned by World Brewing Alliance You might be interested in
We expect the Spanish and Portuguese economies will continue to be clear outperformers within a struggling eurozone this year. Spain and Portugal have also reduced their long-standing, macro-financial vulnerabilities. An improved demographic outlook also means we are more optimistic about Spain and Portugal’s long-term growth than other peripheral economies.
After several years of rapid growth, we think Denmark’s pharmaceutical sector has reached an inflection point and production will settle at a new permanent high. But US President Donald Trump’s threat to impose high tariffs on Danish goods over the status of Greenland means the pharma sector is entering a more uncertain and protectionist era.
This report highlights the University’s role in driving innovation, fostering entrepreneurship and boosting human capital, while outlining future growth opportunities.
Saudi Arabia plans to invest $600bn in the US over four years, amid 7% trade growth and rising imports. Yet, oil exports fell 12% YoY in November. Meanwhile, Bahrain’s inflation hit a 4-month high at 0.5%, with prices set to rise into 2025.
Potential US tariffs would be disruptive for the eurozone economy as a whole, but we think their inflationary impact is likely to be contained. As US imports account for around 10% of total extra-EU imports, we estimate a 10% across-the-board tariff would only increase the producers prices index by 0.5%.
Surveys are a staple of high-frequency economic indicators, but they have become less reliable in predicting hard economic data like GDP growth. This feeds macro volatility – markets still interpret surveys such as PMIs essentially as reliable growth signals. The disconnect between survey and hard data can lead to mispricing.
After falling behind the climate policy progress of other European nations, the transition to renewable energy sources has become increasingly important for Poland in recent years.
We have recently published our outlook for the GCC in 2025.
The report highlights that we expect regional GDP growth to nearly double to 3.6% in 2025, above our global forecast of 2.8%.
