While resilience was the key theme for the economy in 2018, the search for a soft-landing zone will be the theme for 2019. Strong fundamentals and lingering fiscal stimulus should make this the longest expansion on record by mid-2019. But growing headwinds will bring GDP growth down from 3% currently to 2% by the end of next year. Despite the slowdown, the US will remain the fastest-growing G7 economy next year.
The Oxford Economics reports linked below offer more insight into US economic prospects for the coming year, the issues facing businesses, and strategies for meeting and mastering the challenges ahead.
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Attracting and retaining the right talent is crucial to an organisation's success, wherever in the world it operates. For the seventh year running, this report - created in partnership with Hays, the global recruitment consultant - presents an exhaustive analysis of the labour market landscape in 33 countries, for the benefit of workers, firms, and policymakers.
Building on our work with American Express on the 2017 'SME Strategies for Success' report, Oxford Economics surveyed 3,000 senior executives across 12 countries and 16 industries to explore how the current outlook of the world's SMEs has changed over the last year. The research shows that SMEs are increasingly confident and are evolving their business strategies - applying their strong attributes of agility, innovation, and strong customer relationships while working hard to attract talent and effectively use technology to drive competitive advantage and sustainable growth.
Read the SME Pulse: strategies for sustainable growth report.
2018 will be remembered as a landmark year in the history of the data economy, marked by a dramatic increase in consumer awareness of the power, scope, and risks of corporate data strategies, and by sweeping changes to the regulatory environment. Oxford Economics worked with NTT DATA during the spring of 2018 to survey 500 executives and 5,000 consumers in 15 countries about their visions for a future shaped by data.
Read the The Future of Data: adjusting to an opt-in economy report.
These reports represent the 19th edition of the IBM C-suite Study, an in-depth analysis of the process of digital reinvention under way today, and what that means for the modern enterprise. The study is based on an unprecedented volume of discussions and data from business leaders around the world, including nearly 11,000 C-suite executives interviewed by Oxford Economics from 112 countries and across 20 industries.
Oxford Economics surveyed 90 technology executives in the financial services sector, including meaningful samples from the retail banking, insurance, and capital markets subsectors. The study found 68% of respondents expect that in five years, customers will do most of their saving, investing, and borrowing through non-finance platform companies. In the face of this and other looming challenges, 90% have long-term plans for digital transformation. Further analysis and interviews with executives show how these industries are preparing for the future of digital innovation.
Read the Digital innovation in financial services report.