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The Latest Breaking News from Oxford Economics

Man United’s proposed regeneration of Old Trafford could boost economy by £7.3bn

Manchester United’s proposed regeneration of Trafford Park could boost the UK economy by up to £7.3billion, according to global advisory firm…

The National (Scotland)

The economic impact of Manchester United’s Old Trafford regeneration revealed

United unveiled further details about the project, which is centred on a new 100,000-capacity stadium

The Independent UK

After vowing to restore Japan’s economy, Kishida leaves unfinished business

Japanese leader’s ‘new capitalism’ produced some positive results but daunting economic challenges remain, analysts say.

Al Jazeera

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Interest Rate Cut Could Lift Consumer Spirits Before US Elections

The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.

International Business Times

Economists Push Back on Harris Plan To Ban Price Gouging

Kamala Harris's policy to combat price gouging has been criticized by analysts who say it is an uncompetitive proposal that could end up hurting US consumers.

International Business Times

Gaza war extends toll on Israel’s economy

Combat operations are straining Israel’s economy, leading to shrinking of the GDP and downgrading of sovereign rating.

Al Jazeera

US Trade Gap Narrows Less Than Expected In June

The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports.

International Business Times

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Bank of England’s interest rate decision on a knife-edge, economists say

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

Evening Standard

US New Home Sales Dip In June, Missing Estimates

The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated interest rates, according to government data released Wednesday.

International Business Times

Anant Ambani’s glitzy wedding highlights India’s ‘missing middle class’

India’s middle class is much poorer than China’s after decades of strong growth despite starting at a similar base.

Al Jazeera

Home building to gather steam but undershoot 1.2m goal

A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.

AAP

The weak yen and ‘Instagram culture’ made tourism Japan’s second-largest export

Almost 3.1 million international visitors went to Japan in March alone, the highest monthly total since records began in 1964.

Fortune

Inflation will go up regardless of who the next president is, but under Trump’s tariffs it would be higher for longer, Oxford Economics says

Jerome Powell is eyeing lower inflation, but Oxford Economics says it’ll rise after the presidential election—no matter who wins.

Fortune

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Unemployment and inflation among the biggest challenges facing Modi’s reduced coalition, analysts say.

Al Jazeera

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International Business Times

What Are The Costs Behind Trump's Economic Proposals?

Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers.

The Canberra Times

Canberra ranked second best city in the world for quality of life

But the city was marked down badly for being the bush capital.

The Independent UK

‘Under-priced’ Spain plans new restrictions as it battles tourism boom

Tourism has helped Spain grow faster than eurozone peers, but what next?

AAP

TikTok says it boosts economy by $1.1b amid ban threat

TikTok delivers a significant economic boost to the Australian economy, a report has found, in what experts say is an attempt to prove its worth.

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International Business Times

What Is The Economic Impact Of The Baltimore Bridge Collapse?

Diverted cargo and supply chain disruptions -- businesses are rushing to avoid an economic hit following the collapse of a major bridge in Baltimore as a cargo ship slammed into it this week.

The Guardian - UK

The UK economy is a long way from blossoming despite glimmers of hope

A deeper recession was avoided only thanks to record immigration, and the MPC is bound to be cautious about cutting interest rates

International Business Times UK

Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

International Business Times UK

Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

The Guardian - UK

Bank of England may cut interest rate sooner after surprise inflation forecast

Forecasters at three leading institutions suggest inflation rate will halve to 2% by April

Fortune

Indonesia's decision to ban nickel ore exports was a surprising success for president Jokowi. Will it work for his successors?

Indonesia wants to leverage its massive nickel reserves to encourage investment in local EV and battery manufacturing. But that may be a tough hill to climb.

The Independent UK

Disney says it has $40 billion economic impact in Florida as it battles DeSantis in court

Disney has released a study showing its economic impact in Florida at $40.3 billion, directly and indirectly through its supply chain and employee spending

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