Category: Service Industries
Service Industries market research reports by Oxford Economics
-
Macro - Country Economic Forecasts - Belarus
Macro - Country Economic Forecasts - Belarus We've raised our GDP growth forecasts for Belarus, by 1.4ppts to 3.6% y/y for 2024 and by 0.5ppts to 2.0% y/y for 2025. Our revisions reflect an upside surprise in domestic demand and increased exports. Strong momentum in private consumption, owing to ... Read More
-
Macro - Country Economic Forecasts - Kyrgyzstan
Macro - Country Economic Forecasts - Kyrgyzstan We expect Kyrgyzstan's economy will expand by a solid 3.7% in 2025, building on several years of strong growth. The Russia-Ukraine war has bolstered GDP growth in recent years. But although the conflict will continue to provide some support, the ec ... Read More
-
Macro - Country Economic Forecasts - Papua New Guinea
Macro - Country Economic Forecasts - Papua New Guinea We now expect Papua New Guinea's GDP to expand by 6.9% in 2025, accelerating from a healthy 4.8% this year. Economic activity in the export-dominated economy will be driven mainly by its extraction sector, with high gold prices and increased ... Read More
-
Analysis by Region - Africa - Morocco
Analysis by Region - Africa - Morocco The Moroccan economy is holding up well. Despite a poor cereal harvest, which has constrained primary sector output, the economy is on track to post real GDP growth of 2.7% this year, thanks to solid performances in the secondary sector (particularly mining) and ... Read More
-
Analysis by Region - Emerging Markets - Moldova
Analysis by Region - Emerging Markets - Moldova Moldova's GDP growth has gathered pace in H2 2024 and will likely pick up further next year, supported by additional EU funding and growing demand in the EU, Moldova's main trading partner. We expect growth will rise to about 3.9% in both 2025 ... Read More
-
Macro - Country Economic Forecasts - Laos
Macro - Country Economic Forecasts - Laos We've reduced our GDP growth forecasts for Laos to 3.8% for 2025. The downgrade stems from inflation remaining stickier than expected, fuelling emigration to neighbouring countries, which has exacerbated existing challenges for human capital. We anticipa ... Read More
-
Macro - Country Economic Forecasts - Puerto Rico
Macro - Country Economic Forecasts - Puerto Rico We lowered our 2025 GDP growth forecast by 0.2ppts to 1.2%. Federal funds from disaster-relief programs and pandemic stimulus that buoyed infrastructure projects and private consumption will continue to fade. Still, resilient demand from mainland ... Read More
-
Macro - Country Economic Forecasts - Dominica
Macro - Country Economic Forecasts - Dominica We have doubled our 2024 GDP forecast for Dominica to 4.2% and expect robust growth of 3.1% next year. Our forecast reflects strong near-term prospects due a major recovery in tourism, high public investment, and strong Citizenship-by-Investment revenues ... Read More
-
Macro - Country Economic Forecasts - Bosnia and Herzegovina
Macro - Country Economic Forecasts - Bosnia and Herzegovina We expect GDP growth for Bosnia and Herzegovina will pick up to 2.7% in 2025, following a 2.2% expansion this year. We've revised down our 2024 forecast by 0.2ppts as private consumption is taking more time to rebound than we expected, ... Read More
-
Analysis by Region - Latin America
Analysis by Region - Latin America We've raised our 2024 GDP forecast for Suriname slightly to 2.3% from 2.1%, but cut our 2025 projection to 2.0% from 3.0%. The IMF projects GDP growth at 3.0% for both years. Our outlook is more pessimistic as we expect harsher fiscal and monetary consolidation ... Read More
-
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
-
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
-
Analysis by Region - Emerging Markets - Mauritius
Analysis by Region - Emerging Markets - Mauritius The snap election on November 10 dealt another blow to incumbents in Africa. Former Prime Minister Navin Ramgoolam and his Alliance for Change coalition won 61.3% of the vote, toppling Prime Minister Pravin Jugnauth and the Alliance Lepep coalition, ... Read More
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
Analysis by Region - Emerging Markets - Tanzania
Analysis by Region - Emerging Markets - Tanzania We forecast the Tanzanian economy to grow by 5.6% in 2025, supported by robust performances in the construction, information and communication technology (ICT), finance, and tourism sectors. An upturn in external and internal investment is driving gro ... Read More
-
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
Research Assistance
