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Innovation is a must for companies to survive today and into the future. Still, very few businesses have understood how to innovate successfully and turn innovation into tangible financial result. Successful innovators not only outperform others financially over the last 5 years – they also have higher expectations about future results. We call them Innovation Champions.

The UK downstream oil sector supported 300,000 jobs and a £21.2 billion contribution to UK GDP in 2016. In this report we explore the vital role that the downstream oil sector plays within the UK economy.

Today’s consumers reveal the future of healthcare

The rapid rise of the Internet of Things (IoT) demands a new look at security. With network vulnerabilities and the potential for industrial process interruption, companies need to develop new strategies to mitigate and manage cyber-risks.

We set out our view of US economic prospects for 2019 and some of the key issues for businesses as they seek to navigate current uncertainties and meet the year’s challenges

Oxford Economics’ custom research was recently featured in the fourth edition of the World’s Most Competitive Cities (published by Conway). The report examines the economic fundamentals supporting direct foreign investment projects in the world’s most competitive cities.

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.

Companies are waking up to an untapped source of business growth: vast amounts of new data on work and the workforce that can unlock the potential of their people. This data – now available through a range of digital innovations – is both a goldmine and a minefield.

Production of aluminium and of semi-finished aluminium products supports just over 60,000 jobs in the UAE, once supply chain linkages and employee spending impacts are taken into account. This is associated with a US $5.47 billion contribution to UAE GDP.

New analysis from Oxford Economics show that incidence of illicit tobacco across four GCC markets (Saudi Arabia, UAE, Kuwait and Oman) has increased in recent years – having been just 1.2% of Total Consumption in 2016, the Illicit Incidence rose to 1.6% of Total Consumption in 2017 and to 5.3% in the first half of 2018.

Oxford Economics surveyed 150 C-suite executives from 11 industries across the UAE and Saudi Arabia in mid-2018. The objective was to learn how large companies are prepared to respond to disruptive change.

The National Fluid Power Assocition (NFPA) commissioned Oxford Economics to develop state-level fluid power demand estimates (e.g. industry sectors who purchase fluid power products as part of their supply chain) as well as other key sector characteristics. NFPA integrated the output from this research into a members’ access only tool to shed new light on the size of fluid power product demand. Additional info can be found

A “no-deal” Brexit would cause a 5% drop in UK outbound travel and tourism trips in 2020, because of the stifled economic backdrop and impact of a weaker pound. Ireland and Spain would be the hardest hit from fewer UK visitors. In contrast, the weaker pound could mean that UK tourism inflows are 4% higher in a “no-deal” scenario, provided there is no travel disruption. But lower levels of domestic tourism mean that we would expect UK travel and tourism GDP to be 2% lower than our baseline forecast in 2020.

Oxford Economics fielded and analyzed a survey of 2,280 executives from over 60 countries to identify the drivers of digital success.

The new edition of our annual Global Cities report explores the fortunes and prospects of cities around the world, forecasting to 2035 which will be the largest and fastest growing urban economies. Read more

Experienced investors know that risk and reward are close companions. There are certain African economies that no serious investor on the continent can reasonably overlook. South Africa, Nigeria and Egypt, the continent’s heavy hitters, are justifiably on every investor’s radar and the recent recovery in Nigeria and South Africa are good signs for businesses.

Democratization of consumption has happened so quickly, that close to two-thirds of the world’s population will join the ranks of the ‘Global Middle Class’ by 2030. The implications on consumer demand and future spending power cannot be overstated.

SMEs report that improving Banking and Business services to SMEs could improve their productivity by 10%, delivering a £70 billion boost to the UK economy.

Oxford Economics has once again collaborated with the Air Transport Action Group (ATAG) to provide the most comprehensive estimate of the the value of the world’s aviation sector. We estimate that in 2016, the air transport sector and the tourism it facilitates supported a $2.7 trillion to global GDP and 65.5 million jobs.

This research details for the first time the varied ways that ornamental horticulture and landscaping contribute value to the UK economy.