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The Latest Breaking News from Oxford Economics

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.

Tribune News Service

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

The Independent UK

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

Evening Standard

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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.

Bangkok Post

China COVID cases rise, hard-hit Beijing tightens entry rules

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, shutting businesses and schools in hard-hit districts and tightening rules for entering the city as infections ticked higher in Beijing and nationally.

Reuters

Nine in 100 working in Exeter are employed at the University, new report shows

Report details how the the university creates employment, helps business through research and helps graduates get higher paid jobs

Birmingham Post

Kwarteng’s tax-slashing bonanza will add less than 0.1% to GDP, study warns

‘Growth plan’ which has triggered market mayhem dismissed as ‘all pain, little gain’

The Independent UK

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Truss’s premiership ‘will be defined by response to cost-of-living crisis’

As Liz Truss grapples with the economic situation, planned measures may be postponed or cancelled, and others may be introduced, experts suggested.

The Independent UK

As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

Al Jazeera

Inflation slows a bit in July. Has it finally peaked?

WASHINGTON — After months of steadily climbing to a 40-year high, the pace of inflation slowed notably in July as gas prices fell sharply and Americans got some relief on the cost of clothing, cars and other necessities.

Los Angeles Times

Oxford Economics Predicts Saudi Economy to Cross $1 Trln Mark in 2022

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Asharq Al-Awsat

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

The Independent UK

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

How would France's economy fare under Le Pen or Macron?

Emmanuel Macron and Marine Le Pen have outlined differing visions for the French economy ahead of Sunday's election. The presidential candidates want to tackle the top issue for French voters: the rising cost of living. Daniela Ordonez, Chief French Economist at Oxford Economics, breaks down the different proposals and what…

France 24

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Tribune News Service

Survey: Experts see a big slowdown in job growth as hawkish Fed raises rates

Americans can expect a robust labor market over the next year, but job creation is bound to slow as the economy loses some momentum and the worker pool remains tight.

Asharq Al-Awsat

Saudi GDP Registers Highest Growth Since 2012

The Saudi General Authority for Statistics (GASTAT) said on Wednesday that the Kingdom’s gross domestic product rose by 6.7 percent in the fourth quarter of 2021, while growth across the whole year increased by 3.2 percent, the highest jump achieved in nearly a decade. The growth was to a large…

France 24

Federal Reserve sets stage for March interest rate hike

The US Federal Reserve is setting the stage to raise interest rates in March, in a bid to combat elevated inflation. It's also taking further steps to phase out its emergency support of the US economy. Nancy Vanden Houten, Lead US Economist at Oxford Economics, tells us America's central bank…

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