Tourism sector needs to be ready for summer holiday … and heatwaves With rising temperatures, destinations are already feeling the strain, facing increased cooling costs and adapting to more frequent extremely hot days.  Learn more in our latest blog: okt.to/0uwYFp

We see the current tech-led sell-off as a healthy correction, not the start of something more protracted. We think equities are underpinned by resilient activity, a broadening EPS recovery and the prospect of imminent rate cuts. Download our report: okt.to/ao8BDx

The recent increase in the unemployment rate has sparked discussions about the Sahm rule. However, we don’t believe this is the case as some of the rise in the unemployment rate reflects a growing labour supply. Download our latest research briefing: okt.to/5TYx13

Iron ore prices sank below US$100 last week on weak fundamentals, heavily impacted by China’s struggling property sector. Construction activity has seen a significant decline and a recovery in the near future seems unlikely. Explore our commodity outlook: okt.to/x9F07o

S&P downgraded #Israel to A, citing regional tensions and rising military costs, with a budget deficit at 4.3%. Meanwhile, UAE’s ICV program added $13B to the #economy in H1 2024, boosting growth. Non-oil #GDP is set to rise by 4.6% this year. 🔗: okt.to/Gx8ztr

While weaker-than-expected US labour market data have caused some investor anxiety, we believe these fears are misplaced. Read more in our latest blog: okt.to/130YaA

Indonesia is expected to mark the country's 79th anniversary of independence this Saturday with a significant milestone: unveiling the new capital, Nusantara. But why is Indonesia moving its capital city? Read more in our latest blog: okt.to/2PBTtm

Our recent blog explains the rise in unemployment doesn’t threaten our near-term US economic forecast: okt.to/NOX4Pb In fact, our recession models show that, while recession risks have increased, they remain well below historical thresholds consistent with recession.

Looking ahead, European industries will face significant challenges, particularly in low-skilled, upstream, energy-intensive and easily tradable sectors. However, there are also opportunities in specialised areas. Discover more in our blog: okt.to/xlJHCW

On August 17, Indonesia celebrated Independence Day in its future capital, #Nusantara, set to replace Jakarta. This move may not fix all Jakarta's issues, but it's expected to boost the nation's construction sector. Read more in our blog: okt.to/z0Yq54

People in the US are moving to metros with high natural hazard risks   okt.to/wmpHr0   Over the next five years, we expect the metros with the fastest population growth to be among those facing the highest risks of economic disruption from natural hazards.

The US trade deficit has risen in dollar terms since 2018 and is basically unchanged as a share of GDP. However, there has been a big change in the geographical distribution of the deficit. Learn more in our latest report: okt.to/kxLNi0

We see APAC emerging as the hotspot for growth in renewable energy and digital infrastructure (REDI). Since 2021, investment activity in renewable energy has overtaken commercial real estate in the region. Read our latest blog: okt.to/vswDqX

The term ‘deindustrialisation’ has dominated discussions about the present and future of European industry. At Oxford Economics, we think that these predictions around imminent or longer-term deindustrialisation are exaggerated. Learn more in our blog: okt.to/B7SnT9

Working from home looks to be entrenched in Europe. Among major cities, London, Stockholm, and Amsterdam reported the highest shares of residents working from home in 2023, with Paris not far behind in sixth place. To learn more: okt.to/e035Xu

Oil Prices Spike Amid Libya Tensions & Bahrain’s Inflation Eases Brent & WTI prices surged to $80.1 & $77.4 due to Libya's production cuts. We forecast oil to average $83 this year. Bahrain’s inflation slowed to 1.1% in July with 1.8% expected in 2024. 🔗 okt.to/As1D0X

Oil surged 4% last week on Libya's near-total production halt, but weak demand fears pulled prices back. Demand dynamics will likely cap Brent price rises this year, though Libya's shutdown presents an upside risk. Read our outlook: okt.to/iDEqTM

ICYMI: In this latest episode, of Greenomics we explore what we mean by 'nature-related risks', and discuss how #biodiversity, #ecosystems, and natural resources impact business operations and #sustainability Listen on Spotify here: okt.to/HgZBUI

Introducing the Oxford Economics' AI Assistant!🚀 🔗 Learn more: okt.to/ZeDJR8 We’re thrilled to unveil the beta launch of our AI Assistant, a cutting-edge tool designed to enhance your decision-making with advanced AI technology. #AIAssistant #OxfordEconomics

US LNG cargoes have been heading eastward. Weak gas demand in Europe led to a drop in LNG spot prices. As a result, Asian buyers ramped up their LNG imports, anticipating higher power demand with forecasted heatwaves this summer. Read our outlook: okt.to/niDQw6