Blog | 17 May 2021

Mastering the business challenges of 2019’s uncertain prospects

Debra D’Agostino

Managing Director, Thought Leadership; Co-Managing Director, Oxford Economics USA

As we settle into the new year, forecasters at Oxford Economics are optimistic about America’s prospects in 2019. Despite a global slowdown in GDP growth, the US will post the strongest gains of any G7 country. Unemployment is at a 50-year low, and real wages are on the rise. Yet with a rising federal funds rate, a dissipating fiscal stimulus and the risk of a renewed government shutdown—not to mention issues abroad, such as a no-deal Brexit and a trade war with China—companies will need to navigate some headwinds.

 

Our Thought Leadership team has identified a number of strategic issues companies will need to address in this environment. For one, companies are increasingly moving away from the traditional full-time workforce in favor of contingent employment, in which non-payroll workers perform ever-more important jobs. And as technology platforms ramp up, we expect to see new players enter the financial services industry—consumers may soon be mortgaging their homes through Amazon or Google. We also expect to see greater demand for consumer privacy and data security.

 

All of these reports, along with many others related to the US economy and business strategy, are available here.

You may be interested in

Post

Australia: RBA hike by another 25 bps as the fight against inflation continues

The RBA has raised its cash rate target by a further 25 basis points, taking it to 4.1%. Although inflation has peaked, the RBA board is still clearly uncomfortable with its brisk pace.

Find Out More

Post

BIS Oxford Economics to be rebranded as Oxford Economics Australia

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.

Find Out More
Johannesburg, South Africa

Post

Introducing our renovated African Forecasting Service

From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.

Find Out More