Category: Service Industries
Service Industries market research reports by Oxford Economics
-
Analysis by Region - Emerging Markets - Russia
Analysis by Region - Emerging Markets - Russia We've cut our 2024 GDP growth forecast for Russia by 0.3ppts to 3.6% to reflect disappointing Q2 national accounts data. Household demand, which propelled growth in H1, is slowing down as the prohibitively high cost of unsubsidised loans and mortgag ... Read More
-
Analysis by Region - Emerging Markets - Croatia
Analysis by Region - Emerging Markets - Croatia We've kept our 2024 GDP growth forecast for Croatia at 3.5% but revised down our 2025 GDP forecast by 0.2ppts to 1.8%. Our downgrade reflects the planned large hike in energy prices early next year that will cause real income growth to slow down co ... Read More
-
Macro - Country Economic Forecasts - Switzerland
Macro - Country Economic Forecasts - Switzerland We maintained our GDP growth forecasts for Switzerland at 1% for this year and 1.5% for 2025, adjusted for revenues from major sporting events. ... Read More
-
Analysis by Region - Emerging Markets - Colombia
Analysis by Region - Emerging Markets - Colombia We kept our GDP growth forecasts for Colombia unchanged at 1.9% for this year and 2.5% for 2025. This is because monthly activity in August declined as we expected, after a hefty rebound in July. We forecast GDP will expand by a moderate 0.5% q/q in Q ... Read More
-
Macro - Weekly Briefings - US
Macro - Weekly Briefings - US Long-term interest rates trended higher over the past several weeks but the increase doesn't pose a significant downside risk to our forecast. Some of the increase is attributed to the bond market betting on former President Donald Trump winning the election, sugges ... Read More
-
Analysis by Region - Asia Pacific - Taiwan
Analysis by Region - Asia Pacific - Taiwan We expect Taiwan's GDP growth to have moderated to 3% y/y in Q3 from 5.1% in Q2 as a high base effect kicked in and export growth slowed from previous highs. But buoyant capital investment from local manufacturers may lend support to growth in the near ... Read More
-
Analysis by Region - Emerging Markets - Hungary
Analysis by Region - Emerging Markets - Hungary We kept our 2024 GDP growth forecast unchanged at 1.5%. The rebound in activity over Q3 has disappointed to date as external environment remains challenging and domestic demand recovery has proven underwhelming. While we keep expecting GDP growth to pi ... Read More
-
Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom UK Chancellor Rachel Reeves confirmed that she would make material changes to the fiscal rules in order to boost public investment. A move to targeting a fall in public sector net financial liabilities over the course of the parliament looks likely. But we e ... Read More
-
Analysis by Region - Emerging Markets - Central African Republic
Analysis by Region - Emerging Markets - Central African Republic The Central African Republic (CAR) remains entrenched in a complex web of conflict, regulatory uncertainty, and fuel shortages. Yet, despite all the difficulties, the economy is holding on thanks to a surge in gold prices, a rebound in ... Read More
-
Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets Both we and the IMF expect a pick-up in growth in Latin America and the Caribbean next year. We see a rise to 2.5% y/y from 1.9% in 2024, as the region benefits from a global soft landing and looser monetary policy. ... Read More
-
Macro - Country Economic Forecasts - Norway
Macro - Country Economic Forecasts - Norway We lowered our Norway mainland GDP forecast for 2025 by 0.2ppts to 1.1%. Norges Bank's extended tight policy stance will weigh on the pace of the rebound, but recovering consumption and supportive fiscal policy mean quarterly growth should be among the ... Read More
-
Analysis by Region - Emerging Markets - Cape Verde
Analysis by Region - Emerging Markets - Cape Verde Annual economic growth averaged 9.7% y/y in the first half of 2024, with strong performances in the transport (23.3% y/y) and accommodation and food service (37.9% y/y) sectors. However, due to the high base, growth is expected to slow in the year&# ... Read More
-
Analysis by Region - Emerging Markets - Congo Republic
Analysis by Region - Emerging Markets - Congo Republic Congo's average oil production declined to 259,000 bpd in the first nine months of the year from 275,300 bpd in the same period in 2023. We now project a sharper 4.0% reduction in Congo's average oil output for 2024 (-3.1% estimated prev ... Read More
-
Macro - Country Economic Forecasts - France
Macro - Country Economic Forecasts - France We now expect the French economy will grow by 1.1% in 2024 and slow down to 0.9% in 2025, after trimming our GDP growth forecasts for both years by 0.1ppt. We think industry will likely take slightly longer to rebound, which will weigh on inventories this ... Read More
-
Macro - Country Economic Forecasts - Singapore
Macro - Country Economic Forecasts - Singapore We've upgraded our 2024 GDP growth forecast for Singapore by 0.7ppts to 3.2%. Our revision reflects the stronger-than-expected Q3 GDP outturn which is likely to drop back in Q4. But risks are tilted to the upside due to buoyant electronics demand. A ... Read More
-
Macro - Country Economic Forecasts - Greece
Macro - Country Economic Forecasts - Greece In its regular data revision process, ELSTAT revised up both nominal and real GDP for Greece. As a result, nominal GDP data for 2023 is now 2.3% higher than the previous estimate. We'll incorporate the new data into our forecast as soon as the quarterl ... Read More
-
Analysis by Region - Africa - Algeria
Analysis by Region - Africa - Algeria During the past quarter, Algeria's President Abdelmadjid Tebboune won the presidential election by a landslide. He once again repeated some of his very ambitious economic plans in his address to the nation. Given Algeria’s dependency on the hydrocarbon secto ... Read More
-
Macro - Country Economic Forecasts - Rwanda
Macro - Country Economic Forecasts - Rwanda The National Bank of Rwanda's latest monetary policy and financial stability report indicated that FDI surged by 63.5% y/y in H1 2024 to $289m. The financial sector remained the largest recipient of FDI as foreign banks acquired several domestic banks. ... Read More
-
Macro - Country Economic Forecasts - Austria
Macro - Country Economic Forecasts - Austria Economic activity in Austria remained weaker than we anticipated in recent months and heavy floods in September presented an additional drag. Consequently, we now expect flat quarterly growth for Q3. But risks are skewed to the downside as industrial prod ... Read More
-
Macro - Country Economic Forecasts - Czech Republic
Macro - Country Economic Forecasts - Czech Republic We've raised our 2024 GDP growth forecast slightly for the Czech Republic to 1.1% due to historical data revisions. Although economic activity continues to improve, the recovery remains patchy, with manufacturing and construction still constrai ... Read More
-
Analysis by Region - Africa - Egypt
Analysis by Region - Africa - Egypt A slew of data releases during the past month has shown that Egypt is still dealing with the hangover from its economic crisis. However, we believe that the economy has turned a corner, largely underpinned by several critical economic reforms initiated in March th ... Read More
-
Analysis by Region - Emerging Markets - Brazil
Analysis by Region - Emerging Markets - Brazil We've raised our 2024 GDP growth forecast for Brazil by 0.4ppts to 3.2% to account for the more resilient momentum showing in labour market indicators. Aggregate real earnings, although cooling, will still rise over 6% this year, while households he ... Read More
-
Analysis by Region - Emerging Markets - Togo
Analysis by Region - Emerging Markets - Togo Following real GDP growth of 6.4% last year, we forecast economic growth to average 4.7% p.a. over the 2024-2025 period. Factors that will support economic activity over this time frame include structural reforms, key investments in the industrial sector, ... Read More
-
Macro - Country Economic Forecasts - Denmark
Macro - Country Economic Forecasts - Denmark We've raised our 2024 GDP growth forecast for Denmark by 0.8ppts to 2.4%. Growth for Q2 was revised up significantly in the final national accounts data, lifting the annual growth rate for 2024. Strong pharmaceutical and maritime exports meant net tra ... Read More
-
Analysis by Region - Emerging Markets - Botswana
Analysis by Region - Emerging Markets - Botswana Botswana’s diamond industry has continued to struggle after a poor start to the year: it contracted by 6.5% q/q in Q2, after a sharp decline of 16.6% q/q in Q1 2024. Recent diamond sales and export data have also revealed a concerning downward trend, ... Read More
Research Assistance
