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1 – 10 of 175Behind this workforce expansion is higher immigration that has allowed considerably more new jobs without raising real wages. Immigration explains some of the strength in…
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DOI: 10.1108/OXAN-DB286716
ISSN: 2633-304X
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Disinflation is underway on both sides of the North Atlantic, but it is not yet deeply entrenched, giving both central banks a reason to delay cuts. The ECB must contend with…
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DOI: 10.1108/OXAN-DB285238
ISSN: 2633-304X
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Weak trade and fiscal policy constraints suggest global GDP growth will slow somewhat in 2024, with China and the United States losing momentum. Hopes for growth-boosting rate…
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DOI: 10.1108/OXAN-DB283146
ISSN: 2633-304X
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This creates a clear contextual divide, ahead of consequential European Parliament, US and UK elections in 2024. The inability of the central banks to forecast inflation or growth…
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DOI: 10.1108/OXAN-DB284164
ISSN: 2633-304X
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The Chinese slowdown will also affect many developing countries that rely on raw materials exports to China and have already been impacted by sharp rises in interest rates, as…
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DOI: 10.1108/OXAN-DB282003
ISSN: 2633-304X
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The Fed insists that subsequent moves will depend on economic developments, but its forecast implies that, although not imminent, another 25-basis-point (bp) increase will happen…
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DOI: 10.1108/OXAN-DB282113
ISSN: 2633-304X
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While headline inflation in the United States and the euro-area has fallen steadily, core inflation remains stubborn. The ‘last mile’ of the disinflation process will be the most…
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DOI: 10.1108/OXAN-DB280687
ISSN: 2633-304X
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Prospects for the global economy in 2023.
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DOI: 10.1108/OXAN-DB274348
ISSN: 2633-304X
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The ECB lags behind other major central banks in raising rates; and inflationary pressures are stronger in the euro-area than the United States. This suggests that hopes that…
With inflation lasting longer than expected, worries about the impact on banking may limit the scope for more rate hikes. Equally, a pause could undermine central banks'…