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The Latest Breaking News from Oxford Economics

The weak yen and ‘Instagram culture’ made tourism Japan’s second-largest export

Almost 3.1 million international visitors went to Japan in March alone, the highest monthly total since records began in 1964.

Fortune

Inflation will go up regardless of who the next president is, but under Trump’s tariffs it would be higher for longer, Oxford Economics says

Jerome Powell is eyeing lower inflation, but Oxford Economics says it’ll rise after the presidential election—no matter who wins.

Fortune

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Unemployment and inflation among the biggest challenges facing Modi’s reduced coalition, analysts say.

Al Jazeera

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What Are The Costs Behind Trump's Economic Proposals?

Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers.

International Business Times

Canberra ranked second best city in the world for quality of life

But the city was marked down badly for being the bush capital.

The Canberra Times

‘Under-priced’ Spain plans new restrictions as it battles tourism boom

Tourism has helped Spain grow faster than eurozone peers, but what next?

The Independent UK

TikTok says it boosts economy by $1.1b amid ban threat

TikTok delivers a significant economic boost to the Australian economy, a report has found, in what experts say is an attempt to prove its worth.

AAP

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What Is The Economic Impact Of The Baltimore Bridge Collapse?

Diverted cargo and supply chain disruptions -- businesses are rushing to avoid an economic hit following the collapse of a major bridge in Baltimore as a cargo ship slammed into it this week.

International Business Times

The UK economy is a long way from blossoming despite glimmers of hope

A deeper recession was avoided only thanks to record immigration, and the MPC is bound to be cautious about cutting interest rates

The Guardian - UK

Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

International Business Times UK

Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

International Business Times UK

Bank of England may cut interest rate sooner after surprise inflation forecast

Forecasters at three leading institutions suggest inflation rate will halve to 2% by April

The Guardian - UK

Indonesia's decision to ban nickel ore exports was a surprising success for president Jokowi. Will it work for his successors?

Indonesia wants to leverage its massive nickel reserves to encourage investment in local EV and battery manufacturing. But that may be a tough hill to climb.

Fortune

Disney says it has $40 billion economic impact in Florida as it battles DeSantis in court

Disney has released a study showing its economic impact in Florida at $40.3 billion, directly and indirectly through its supply chain and employee spending

The Independent UK

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Fortune

Europes' largest economy falls further behind US in recession warning

The German economy declined 0.1% in the third quarter, with falling oil demand sounding the latest recession alarms.

Fortune

44 million Americans with student debt are bracing for a 'payment shock.' Many of them are filled with regret

Borrowers are feeling the financial strain.

Fortune

The experience-hungry American consumer is already crashing the economy into a 'rolling recession,' Oxford Economics says

“Instead of a typical recession, it's possible the economy will fall into – or in fact is already in – a 'rolling' recession,” Oren Klachkin, lead U.S. economist at Oxford Economics, wrote Tuesday.

Birmingham Post

Economic impact BAE Systems has on South West revealed in new report

The research has been conducted by Oxford Economics

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The Guardian - UK

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Independent UK

5 key takeaways from the February US jobs report

The American job market has once again confounded expectations

Bangkok Post

US Fed set to slow rate hikes

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

Tribune News Service

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

The Independent UK

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

Evening Standard

Tax-free shopping is a simple gift for growth

Not only is British spending moving to the EU, but global brands are also revising their capital investment plans as a result of the lack of tax-free shopping

Bangkok Post

Global goods trade forecast to shrink in 2023

The global goods trade will shrink next year in a downturn reminiscent of previous recessions, Oxford Economics said, in a worrying forecast for Asia’s export-dependent economies and beyond.

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