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Oxford Economics' Blog


No end yet to fiscal gridlock

The US Congress has just enacted a further extension, through the remainder of calendar year 2012, of several key measures that otherwise would have expired on February 29. The fact that these extensions are being finalized a full 12 days before the deadline suggests that the gridlock which has beset the federal government in the recent past has been broken, but in fact that is unlikely to be the case.

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The Eurozone economy moves into recession

Eurozone GDP fell 0.3% in 2011Q4, in our view the first quarter of a renewed recession, and we now forecast that GDP will contract by 0.4% this year. This assumes that the region’s sovereign debt crisis does not escalate further and the ECB continues to provide ample support. We currently estimate that there is 40% probability that this scenario unfolds

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Turkish growth beaten only by China in 2011 but big slowdown needed if inflation is to fall back to target

Despite the turmoil in global financial markets induced by the Eurozone debt crisis, Turkey’s economy is likely to have grown well over 8% in 2011 as a whole. And while part of this reflects the carry-over of momentum from when global conditions were more helpful, even in Q4 industrial output rose by over 3% on the quarter – helped by a more competitive exchange rate.

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  20 February 2012
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IFS Green Budget Report


The Institute for Fiscal Studies’ Green Budget was launched today in collaboration with Oxford Economics. We jointly presented the research examining the prospects for public finances ahead of next Month’s Budget in the UK. All the presentations and report itself can be found Here together with the associated press release: “Borrowing set to undershoot official forecasts, but downside risks limit room for manoeuvre"  29 January 2012
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Global Scenario Service – Alternative outcomes for the global economy


The global economic outlook has worsened in recent months and we have further downgraded our GDP forecasts. In particular, the Eurozone financial crisis has continued to intensify, and the economic picture has started to weaken in emerging markets as well. Although the US economy remains more resilient, it is vulnerable to a further deterioration in global financial conditions. As 2012 approaches, the global economy is at a dangerous juncture, with the risks around our central forecast heavily skewed to the downside. In this context we have explored three alternative scenarios based on modelling work using our Global Economic Model, two downside and one upside. The scenarios considered are a Eurozone break-up, a China hard landing and a revival of corporate investment  20 December 2011
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By-Country Industry Forecast Service

We are publishing new on-line reports providing detailed forecasts for prospects in over 80 industrial sectors across 68 different economies. The new service provides:

  • Forecasts for output growth on an annual basis over the next 10 years for over 80 sectors
  • Charts and tables highlighting key industrial output trends, past and future
  • Access to our Sectoral Forecast Databank, offering historical data and ten-year forecasts to download for your own analysis and reports
  • Forecasts derived from our highly-disciplined forecasting process using our Global Industrial Model
View example forecasts:
             Poland          China

See full range of countries covered ....

Country Economic Forecast Service

We are publishing new on-line country economic forecasts every day covering economic and political developments and prospects in over 175 countries, linked to our forecast databank:

  • Tailor-made for busy executives, the forecasts tell you everything you need to know for your business planning
  • Access to our Macro Forecast Databank, offering historical data and ten-year forecasts for a host of economic and social indicators plus detailed tourism statistics
  • Forecasts derived from our highly-disciplined forecasting process using our Global Model (the most widely used commercial model in the world)
View example forecasts:
             Thailand          Germany          Czech Republic

See full range of countries covered ....

Analysis for Better Decisions

Analysis for Better Decisions

Oxford Economics - formerly Oxford Economic Forecasting - is a world-leader in quantitative analysis and rigorous economic forecasting. Our evidence-based approach to economic analysis helps businesses, governments and international organisations make the right investment, policy and market decisions.

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