Economist – Scenarios & Macro Modelling – Africa

South Africa

Job Title: Economist

Team: Oxford Economic Africa/Macro Modelling and Scenarios

Office Location: Paarl

Job Summary

Oxford Economics Africa, subsidiary of Oxford Economics, seeks a strong Economist as part of our Macroeconomic Modelling team. The position will be based in our Paarl office (hybrid)

The Macroeconomic Modelling team is responsible for overseeing the macroeconomic forecasts generated by our team of economists, ensuring consistency within and between countries. These forecasts are primarily created using the Oxford Economics Global Economic Model (GEM), the most widely used commercial large-scale macroeconomic model in the world. Additionally, the modelling team continually aims to expand the coverage of the GEM, improve the economic linkages and properties, and improve the historic data sources that feed into the model. These data and forecasts ultimately inform the reports that go to subscription clients. The team also develops bespoke scenarios for a variety of purposes such as strategic planning and stress testing.

Key Responsibilities

An Economist in the Macroeconomic Modelling team will take on a range of tasks that include:

  • Building up knowledge of African economies;
  • Gaining proficiency in the Oxford Economics Global Economic Model (GEM), the tool that informs our macroeconomic projections and scenarios;
  • Using the GEM to produce coherent macroeconomic forecasts for various African economies;
  • Improving equations and linkages on the GEM and testing scenario properties to ensure consistency with the overall model setup;
  • Developing bespoke models and forecasts for our clients, to support with their business planning;
  • Maintaining our energy, electricity and sectoral forecasts;
  • Utilising the climate setup on the GEM to run climate-related scenarios;
  • Writing up scenarios or economic research under one of our subscription services or for consultancy projects; and
  • Managing client queries regarding our modelling and scenario analysis.
Key Requirements
  • 2+ years of work experience as an economist or a related field.
  • A strong education in Economics to at least an undergraduate level. A postgraduate degree in Economics is highly desirable.
  • Ability to demonstrate a good understanding of current economic and policy challenges facing the global economy.
  • Excellent analytical and quantitative skills.
  • Excellent written and verbal communication, with the ability to explain economic concepts to a diverse audience, including non-specialists.
  • Ability to work effectively in teams across different offices and to tight deadlines.
  • Previous experience in using applied macroeconomic models for forecasting and/or scenario analysis would be advantageous.
  • Knowledge of statistical modelling software (such as EViews, Python, R and/or Stata) is desirable.

Oxford Economics is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by governmental or local laws.

About Oxford Economics Africa

Oxford Economics Africa specialises in providing forecasts and insights for major African economies. Our services provide a com prehensive analysis of immediate and long-term prospects that will benefit organisations monitoring risks or opportunities for their operations or investments in the continent.

South Africa-based Oxford Economics Africa has a strong reputation for independence and quality. The firm employs a highly qualified team of economists, econometricians, quantitative analysts, political analysts, and editors. All are experts in their field and have decades of experience in covering Africa, ensuring that insights are provided within the context of a comprehensive know ledge of the African continent, its history, and each country’s unique political and economic setting.

Oxford Economics Africa is majority owned by Oxford Economics, a leader in global forecasting and analysis. Its best-of-class global economic and industry models and analytical tools provide an unparalleled ability to forecast external market trends and assess their economic, social, and business impact. For more information, visit:

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