Category: Financial Services
Financial Services market research reports by Oxford Economics
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Macro - Country Economic Forecasts - St. Kitts and Nevis
Macro - Country Economic Forecasts - St. Kitts and Nevis We forecast GDP growth for St Kitts and Nevis of 3.6% this year and expect a solid 3.2% expansion in 2025. We think growth will stay robust over the medium term due to recovering tourism receipts, high investment, and ongoing Citizenship-by-In ... Read More
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Analysis by Region - Emerging Markets - Fiji
Analysis by Region - Emerging Markets - Fiji We expect GDP growth for Fiji will ease to 2.7% in 2024 and 3.3% in 2025 following a rapid two-year recovery. This reflects lower-than-expected merchandise exports, as demand from Australia and New Zealand moderated. Meanwhile, tourism earnings remain res ... Read More
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Macro - Country Economic Forecasts - St. Lucia
Macro - Country Economic Forecasts - St. Lucia We have upgraded our 2024 growth forecast for Saint Lucia by 1.5ppts to 4.9% y/y, given record-breaking tourism figures throughout the year. We forecast the economy to continue to grow in 2025 at a rate of 4.8% y/y based on expectations of a record crui ... Read More
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Macro - Country Economic Forecasts - Côte d'Ivoire
Macro - Country Economic Forecasts - Côte d'Ivoire Côte d’Ivoire’s outlook has strengthened due to improving cocoa production prospects, rising oil and gold output, moderating inflation, and greater economic activity. The IMF-backed revenue-based fiscal consolidation will improve the country’s ... Read More
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Analysis by Region - Emerging Markets - Belize
Analysis by Region - Emerging Markets - Belize We have nudged up our 2025 GDP growth forecast for Belize by 0.2ppts to 2.8% driven by the country's favourable conditions for business processing outsourcing. This has resulted in a reduction of the unemployment rate to a record low of 3.3% and inc ... Read More
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Macro - Country Economic Forecasts - Myanmar
Macro - Country Economic Forecasts - Myanmar We have further revised down our 2024 GDP forecast for Myanmar to 2.0% on the back of the deteriorating security situation, which is affecting every corner of the economy. Confidence is falling and inflation remains high, severely impacting already low re ... Read More
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Macro - Country Economic Forecasts - Solomon Islands
Macro - Country Economic Forecasts - Solomon Islands We have revised up our 2024 GDP growth forecast for the Solomon Islands by 0.1ppts to 2.3%, still below the Asia Pacific average of 3.9%. We expect similar levels of growth through 2025, as large infrastructure projects outlined in the Solomon' ... Read More
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Macro - Country Economic Forecasts - Reunion
Macro - Country Economic Forecasts - Reunion We have lowered our 2025 GDP growth forecast for Reunion by 0.5ppts to 3.4%. Muted economic growth in France and the broader eurozone will weigh on Reunion's tourism industry. France's new Prime Minister, Michel Barnier, has proposed major budget ... Read More
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Analysis by Region - Emerging Markets - Panama
Analysis by Region - Emerging Markets - Panama We raised our 2025 GDP growth forecast for Panama by 0.2ppts to 3.2%. This upgrade accounts for the key infrastructure projects set to boost fixed investment both this year and next, which will make domestic demand the primary engine of short-term growt ... Read More
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Analysis by Region - Emerging Markets - Cuba
Analysis by Region - Emerging Markets - Cuba We cut Cuba’s 2025 GDP growth forecast by 1.6ppts to 1.9%, following an estimated 0.9% contraction this year. Disruptions at the country’s largest thermoelectric plant and reduced fuel shipments from Russia and Venezuela caused widespread blackouts, while ... Read More
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Analysis by Region - Emerging Markets - Paraguay
Analysis by Region - Emerging Markets - Paraguay We cut our 2025 GDP growth forecast for Paraguay by 0.2ppts to 3.8%, but raised our 2024 growth projection by the same amount to 3.9%. A robust labor market and a recovery in real wages, along with more accommodative financial conditions, support our ... Read More
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Macro - Country Economic Forecasts - St. Vincent and the Grenadines
Macro - Country Economic Forecasts - St. Vincent and the Grenadines We trimmed our GDP growth forecast for St Vincent and the Grenadines by 0.4ppts to 4.5% y/y for 2024 and 0.3ppts to 2.9%y/y for 2025 because of damage caused by Category 5 Hurricane Beryl in July. The impact of Beryl this year is li ... Read More
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Macro - Country Economic Forecasts - Vanuatu
Macro - Country Economic Forecasts - Vanuatu We've cut our GDP growth forecasts for Vanuatu to 1.4% for 2024 and to 1.6% for 2025. We largely attribute our downgrades to the liquidation of the country's national airline in May, which led to a swathe of flight cancellations and limited travel ... Read More
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Macro - Country Economic Forecasts - Maldives
Macro - Country Economic Forecasts - Maldives We forecast the Maldives' economy will grow by a moderate 3.9% in 2025, after expanding by 7.3% this year. Our outlook accounts for the government's plan to reduce public sector investment, particularly in construction, in an effort to contain fi ... Read More
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Macro - Country Economic Forecasts - Yemen, Rep
Macro - Country Economic Forecasts - Yemen, Rep We've downgraded our 2025 GDP growth forecast for Yemen to 3.1% from 3.6% as we expect the escalating conflict in the Middle East will cause significant disruptions in Red Sea shipping lines that connect Yemen's key ports. Plus, with households ... Read More
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Macro - Country Economic Forecasts - Kiribati
Macro - Country Economic Forecasts - Kiribati We expect Kiribati's GDP will grow by a modest 0.9% next year, following strong growth of 3% in 2024. The positive growth effects of a 38% rise in public sector wages in 2024 is expected to taper off next year. Kiribati's economic performance con ... Read More
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Macro - Country Economic Forecasts - Afghanistan
Macro - Country Economic Forecasts - Afghanistan We've slashed our 2025 GDP growth forecast for Afghanistan by 9.3ppts to a meagre 0.4% expansion. Although over 23mn people – more than half of Afghanistan's population – still require humanitarian assistance, the UN has only received 30% of i ... Read More
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Macro - Country Economic Forecasts - Trinidad and Tobago
Macro - Country Economic Forecasts - Trinidad and Tobago We forecast GDP growth for Trinidad and Tobago of 2.7% for next year and 2.6% for 2026. This reflects greater capital spending by the government and public wage settlements with unions, helping to lift capital formation and consumption. But du ... Read More
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Macro - Country Economic Forecasts - Macau, China
Macro - Country Economic Forecasts - Macau, China We've cut our 2024 GDP growth forecast for Macau by 1.1ppts to a 12.4% expansion and expect growth will moderate further next year. This partly reflects our view of an economic slowdown for mainland China. We forecast Macau's economy will exp ... Read More
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Macro - Country Economic Forecasts - Cayman Islands
Macro - Country Economic Forecasts - Cayman Islands Historical data revisions and a significantly stronger-than-expected demographic outlook led us to raise our short- and medium-term forecasts for the Cayman Islands. We now expect GDP will grow by 1.9% next year before slowing down to 1.6% in 2026. ... Read More
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Macro - Country Economic Forecasts - Haiti
Macro - Country Economic Forecasts - Haiti We revised our 2024 to 2026 GDP forecasts up for Haiti in light of the arrival of the Multinational Security Support Mission (MSS). It arrived in the middle of this year with the aim of improving the dire security situation in the country. We now expect gro ... Read More
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Macro - Country Economic Forecasts - Albania
Macro - Country Economic Forecasts - Albania We have raised our raised 2024 Albania GDP forecast by 0.7ppts to 3.6% and our 2025 forecast by 0.3ppts to 3.5%. This is driven by a strong construction sector – evidenced by rising confidence and strong annual output growth – and a booming tourism sector ... Read More
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Macro - Country Economic Forecasts - Martinique
Macro - Country Economic Forecasts - Martinique We forecast 2.3% GDP growth for Martinique in 2024, before it moderates to 1.9% in 2025. The tourism recovery and cruise rebound will propel the economy through the medium term. ... Read More
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Analysis by Region - Emerging Markets - Azerbaijan
Analysis by Region - Emerging Markets - Azerbaijan We expect GDP growth will moderate to 2.7% next year, from our upgraded forecast of 4.4% for 2024. Oil production will likely remain on its long-term declining trend. Government investment in the Nagorno-Karabakh region and other priority areas such ... Read More
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Macro - Country Economic Forecasts - Brunei
Macro - Country Economic Forecasts - Brunei We maintained our near-term GDP growth forecasts for Brunei at 3.2% in 2024 and 2.7% in 2025, reflecting strong expansions compared to recent years. Oil production rose by 4.0% y/y in Q2, driven by new supply from the Salman offshore oil field. We anticipa ... Read More
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