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

Aerial view of Singapore business district and city at twilight

Post

Sneak preview: our new Asia Real Estate Service

The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.

Find Out More

Post

Oxford Economics Launches Global Risk Service

Oxford Economics launches our Global Risk Service, a suite of data-driven and forward-looking tools that measure macro-economic and financial crises risks in 166 countries.

Find Out More
George street, Sydney

Post

Australia’s CAPEX falters in Q1, with cost inflation to test activity

Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.

Find Out More