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Oxford Economics' Blog


The return of upside risks

While many serious downside risks to the forecast remain in place, it now appears that more upside risks are beginning to appear. These new upside risks include a quicker improvement in the labor market, a more aggressive consumer sector, and a stronger housing sector than are currently envisioned in our forecast.

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New fears over threat of a credit crunch in Eurozone

The integrity of the monetary union is currently under threat on different fronts. In addition to fears over Greece’s ability to honour its obligations (and the subsequent implications that a default might bring for the region as a whole), there are fresh concerns that the Eurozone might face a massive credit crunch in the coming months.

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December PMIs in China, Brazil and India more reassuring than in November

Although all emergers have felt the various repercussions of the Eurozone crisis, from weakening external demand to lower business confidence and problems attracting capital inflows, the consequences have varied widely between countries depending on the state of the economy before the shock, the importance of sales to the EU, the underlying strength of home demand and the scope for macro policy to provide some offset.

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  9 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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Will the eurozone crisis sink the global economy?


The financial crisis in the Eurozone has continued to intensify in recent months, spreading from sovereign debt markets to broader financial markets and the real economy. Against this background, the future of the Eurozone has come into serious question. EU leaders outlined at the December summit new plans aimed at stemming the crisis, but the 'fiscal compact' agreed may be unworkable and the summit offered no credible steps to tackle the accelerating crisis in the banking sector or the large refinancing needs of Eurozone sovereigns. The consequences of a Eurozone break-up would be severe, with exiting countries suffering sharp initial falls in GDP and massive financial disruption which would plunge much of the world, including the US, back into recession. Even the major emerging countries would not be immune - their recent slowdowns illustrate the scale of the risks to global growth as 2012 approaches.  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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