Oxford Economics’ new proprietary business cycle indicator shows that real US construction spending is firmly in a decelerating growth phase.
Sanele Mjikane
This report quantifies the contribution that the BAE Systems Air Sector business made to the UK economy in 2023.
This study, commissioned by the Construction Plant-hire Association (CPA), focuses on the UK construction plant-hire industry, and analyses its total economic impact in 2022.
Egypt’s inflation edged higher again in October, increasing to 26.5%. The rise in inflation since August has been driven by the lowering of subsidies on several basic items, including bread, fuel, and electricity.
This report assesses the impact of the tyre manufacturing industry on the EU economy through an economic impact assessment, trade analysis, and analysis of the tyre manufacturer’s R&D spending in the region.
This report, commissioned by Humana People to People and Sympany+, assesses the socioeconomic impact of the second-hand clothing industry in EU27+ countries and selected African nations, exploring its economic value and employment effects across continents.
We are cautiously optimistic about the medium-term outlook for the Nordic cities, and we expect them to continue to outperform their European city peers, as they have typically done in the past.
Increased spending to meet the needs of an ageing population jeopardises the sustainability of Europe’s public pension systems, based on current legislated measures.
OPEC+ has delayed a planned supply increase until January due to concerns over weak demand showing the group continues to focus on supporting oil prices and Brent now stands around $75pb.
Following the outcome of the US elections, we have adopted our ‘limited Trump’ scenario as our new baseline forecast. Our new baseline assumes a Republican-led Congress extends the personal tax cuts under the 2017 tax law and enacts higher spending levels.
Following Israel’s strike on Iran in response to the 1st October missile attacks, Brent crude fell sharply, dropping some $4pb. This suggests that markets think the risk of further escalation is contained.
The IMF has lowered its 2024 GDP growth forecasts for Saudi Arabia to 1.5% from 1.7% in its July estimate, the largest cut in the region.
We expect growth across the Nordic economies to pick up in the near term, with quarterly growth in Sweden and Norway among the highest across advanced economies by late next year, driven by cyclical tailwinds and policy easing
Hopes of a consumer spending recovery becoming the driving engine of eurozone growth in 2024 have not materialised. Private consumption growth is still unspectacular, mirroring the tepid momentum of the wider economy. Consumption growth will remain unspectacular at 0.8% this year and 1.5% in 2025.
The Burden of Unpredictable Excise Taxes & High Inflation on Beer Producers & Consumers in South Africa
OPEC announced further cuts to its global oil demand growth forecast, reducing 2024’s estimate to 1.9 million bpd and 2025’s to 1.6 million bpd citing slower growth in China and broader economic challenges.
Economic impact study quantifying Shell’s economic footprint in the Netherlands. The study also considers Shells impact on Dutch society, impacts of its R&D activities, and its contribution to energy security.
Our sentiment data, developed with Penta, suggests that labour market conditions have loosened and pay growth has slowed abruptly through the summer. If this trend is reflected in official data, it could motivate some Monetary Policy Committee members to join Swati Dhingra in voting for rate cuts at successive meetings.
Turkey’s annual inflation continued to ease for the fourth consecutive month during September, recording 49.4% down from 52% in August. We expect the underlying pace of inflation will soften further over the rest of this year and think inflation will ease to 20.4% by end-2025
This report quantifies the economic impact that bp supported in both the UK national and regional economies in 2023.
