Category: Financial Services
Financial Services market research reports by Oxford Economics
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Macro - Country Economic Forecasts - Qatar
Macro - Country Economic Forecasts - Qatar We continue to believe the economy began the year with a rebound and expect Qatar's GDP to expand by 3.6% in 2022, following 1.5% growth in 2021. Our forecast balances expectations of strong non-oil performance – underpinned by economic reopening and sp ... Read More
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Macro - Country Economic Forecasts - Denmark
Macro - Country Economic Forecasts - Denmark The flash GDP estimate suggests the economy contracted slightly in Q1, although this was driven largely by an unwinding of health expenditures related to the pandemic. Nevertheless, this has lowered our 2022 GDP forecast 0.5pts to 3.9%. ... Read More
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Macro - Country Economic Forecasts - Italy
Macro - Country Economic Forecasts - Italy Since the outbreak of the war in Ukraine, we have revised our forecast for Italian growth downward. We now expect 2022 GDP to grow 2.9%, up 0.1ppt since last month after Q1 GDP data came in slightly better than expected, yet down more than 1ppt since our Fe ... Read More
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Macro - Country Economic Forecasts - Finland
Macro - Country Economic Forecasts - Finland We have lowered our 2022 GDP growth forecast for Finland to 1.5% from 1.7% last month, as weakening confidence further dampens the outlook. We expect inflation to peak higher with a greater passthrough to core prices, squeezing real incomes and denting co ... Read More
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Macro - Country Economic Forecasts - South Korea
Macro - Country Economic Forecasts - South Korea We have cut our South Korea GDP growth forecast 0.3ppts to 2.5% in 2022 and 0.4ppts to 2.4% in 2023. These downward revisions reflect downgrades in our China GDP growth forecasts, worsening of global supply-chain disruptions, and impact on domestic de ... Read More
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Macro - Country Economic Forecasts - Greece
Macro - Country Economic Forecasts - Greece We have cut our 2022 GDP growth forecast again, to 2.8% from 3% last month. This is a sharp slowdown from the 7.9% pace registered last year, reflecting the fallout from high numbers of Covid cases in early 2022 and more recently the war in Ukraine, which ... Read More
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Macro - Country Economic Forecasts - Switzerland
Macro - Country Economic Forecasts - Switzerland We've nudged our 2022 Swiss GDP growth forecast down to 2.4% from 2.6% last month, after factoring in weaker indicators for Q1 and additional disruptions to supply chains from the lockdowns in China. But we are maintaining our 2023 GDP forecast at ... Read More
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Macro - Country Economic Forecasts - Belize
Macro - Country Economic Forecasts - Belize Belize's economic growth rebounded by a stronger-than-expected 10% last year as easing travel restrictions supported the recovery of tourism-related services and the broader economy. We expect a stronger external sector to support a 5.8% GDP expansion ... Read More
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Macro - Country Economic Forecasts - Turkey
Macro - Country Economic Forecasts - Turkey We maintain our below-consensus GDP growth forecasts for Turkey at 2.1% and 2.5% for 2022 and 2023. The spiralling inflation, now at 70%, is leading to the steepest fall in real incomes since 2009, which, coupled with deteriorating sentiment, will increasi ... Read More
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Macro - Country Economic Forecasts - Germany
Macro - Country Economic Forecasts - Germany Germany's economy got off to a better-than-expected start in 2022, with GDP growing 0.2% q/q in Q1. Despite the positive surprise, we've nudged our 2022 GDP growth forecast downward to 1.8% from 2.0% last month, after factoring in additional disru ... Read More
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Macro - Country Economic Forecasts - Eurozone
Macro - Country Economic Forecasts - Eurozone We have lowered our 2022 GDP growth forecast for the eurozone by 0.1ppt to 2.7%, as a result of the ongoing Ukraine conflict which is having an acute impact on the region. Data released so far show the industrial sector being hit hardest, with industrial ... Read More
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Analysis by Region - Europe - Serbia
Analysis by Region - Europe - Serbia The Ukraine war is exacting a toll on Serbian economy, which is now expected to see growth slow to 4.5% for the year even as inflation (standing at 9.6% in April) continues to rise. Russia is Serbia's fifth-largest trade partner (after Germany, China, Italy, ... Read More
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Analysis by Region - Latin America - Panama
Analysis by Region - Latin America - Panama Panama's impressive economic recovery during H2 last year exceeded our expectations and resulted in a 15.3% GDP rebound in 2021. We now expect a 7.5% GDP expansion in 2022 and 4.4% growth in 2023. Ongoing coronavirus pandemic-related risks have receded ... Read More
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Macro - Country Economic Forecasts - Portugal
Macro - Country Economic Forecasts - Portugal We have raised our 2022 GDP growth forecast for Portugal to 6.9% from 4.8% last month. This reflects the huge Q1 GDP upside surprise. GDP rose 2.6% q/q, while we had pencilled in just a 0.4% gain to the start of the year. This builds on last year's s ... Read More
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Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom Although GDP rose 0.8% in Q1, the monthly numbers showed that growth was concentrated entirely in the first month of the quarter. Output stagnated in February and fell slightly in March, meaning activity had lost momentum even before the full weight of cost ... Read More
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Analysis by Region - Emerging Markets - Zambia
Analysis by Region - Emerging Markets - Zambia The passthrough effects of the Russia-Ukraine war on Zambia should transmit primarily through the terms-of-trade mechanism, considering the limited direct trade ties between the Southern African nation and the Black Sea countries. The energy price disru ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US Inflation potentially topped out in March, but risks are tilted to the upside as resilient demand and constrained supply will keep price pressures from fading quickly. With inflation set to ease only gradually in H2 2022, we look for another 50bps Fed rate hike in June ... Read More
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Macro - Country Economic Forecasts - Nicaragua
Macro - Country Economic Forecasts - Nicaragua GDP growth rebounded by a stronger-than-expected 10.4% last year, driving output back to 2017 levels and compensating for the three-year long crisis caused by Ortega's administration. We expect Nicaragua’s GDP growth to slow to 2.5% this year as the ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US A sturdy rebound on Friday lessened the blow of another brutal week in the stock market, which notched its sixth consecutive weekly loss, the longest stretch of declines since 2011. Inflation worries and uncertainty over Fed policy continue to stoke investor angst, even ... Read More
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Analysis by Region - Latin America - Mexico
Analysis by Region - Latin America - Mexico Soaring inflation, tighter financial conditions, and slower global growth continue to weigh on Mexico's outlook. We maintain our GDP growth forecast at 1.8% this year, in line with consensus, but we cut growth in 2023 by 0.1ppt to 2.5% growth. Direct e ... Read More
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Macro - Country Economic Forecasts - Kuwait
Macro - Country Economic Forecasts - Kuwait We continue to see non-oil sector growth of 4.7% this year, after increasing by 3.1% in 2021, propelled by high consumer spending and robust real estate sales. Surging oil prices and increasing oil production are also helping economic growth. But there are ... Read More
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Macro - Country Economic Forecasts - United States
Macro - Country Economic Forecasts - United States The US economy contracted in Q1 for the first time since the pandemic-driven recession ended, but the domestic economy showed resilience in the face of Omicron, lingering supply constraints, and high inflation. Intensifying headwinds from more aggre ... Read More
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Macro - Country Economic Forecasts - Canada
Macro - Country Economic Forecasts - Canada Canada’s economy successfully weathered the Omicron wave in Q1, but slower growth is on the horizon. An increasingly hawkish Bank of Canada, inflation at a four-decades high, fallout from the war in Ukraine, and a correction in house prices are all expecte ... Read More
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Macro - Country Economic Forecasts - Spain
Macro - Country Economic Forecasts - Spain The impact of the Ukraine war continues to shape Spain's outlook as high inflation erodes real incomes and hits consumer confidence, leading to a fall in household spending. We see Spanish GDP growing 4.5% this year (down from our previous 4.8% forecast ... Read More
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Macro - Country Economic Forecasts - Chile
Macro - Country Economic Forecasts - Chile We've raised our 2022 GDP growth forecast for Chile by 0.5ppts to 1.5% to reflect stronger-than-expected data for March, suggesting a much better carry-over for the rest of the year. Yet the economy is still set to face a technical recession this year, ... Read More
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