From all of us at Oxford Economics Australia, we thank you for your trust in us over the past year. As we approach 2025, we remain dedicated to supporting you in unlocking the power of economics to generate positive commercial and social outcomes. Wishing you health, happiness and prosperity in the year ahead!
Oxford Economics Australia
Information Services
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World leader in global economic forecasting, quantitative analysis, and thought leadership for business and government.
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Australia’s premier provider of industry research and forecasting services, Oxford Economics Australia is an essential resource for your decision-making. Since 1964, Oxford Economics Australia has been helping clients gain a leading edge by sharing our extensive business database and highly regarded reports. We offer strategy briefings, policy evaluation, expert opinions, and advocacy work. We can provide a business case. Through tailored projects we provide value-added research solutions to address specific business issues. Our reputation is built on a unique blend of three ingredients: proprietary market research, industry networking, and methodologies for forecasting that have stood the test of time. Our team of professionals speak at conferences across Australia and beyond, and are often interviewed in newspapers and on TV.
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Updates
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Australia’s 2035 emissions target is a critical milestone in our decarbonisation journey. As highlighted below, achieving this target will require bold action and greater prioritisation of climate efforts to bridge the gap between current policy and ambitious goals.
Australia's 2035 emissions target As the year draws to a close we’ve been thinking about ‘what comes next’. Rather than spending more time on the nuclear debate, we've taken a wider view to focus on Australia's 2035 emission reduction target. This target will shape our decarbonisation journey as we progress beyond a green grid and start to meaningfully decarbonise the transport and industrial sectors. That's also why it's so hard to set - and will be even harder to achieve. Emily Dabbs and my analysis suggests that Australia can reduce it's emissions by 50-55% by 2035 if we continue our current policy trajectory. That's well short of the early indications shared by the government targeting 65-75% reductions. There's time for this shortfall to be recovered - but it'll require even greater prioritisation of the climate than what we've seen to date. https://lnkd.in/gmJErpjY
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Trump policies could be a circuit breaker in global electronics supply chain Electronics and high-tech manufacturing are highly exposed to the rising risk of a major hit to their profits from protectionist policies under the incoming Trump administration. We expect that the US will implement 30% tariffs on most of the Chinese goods. Additionally, should other Asian economies, who play a major role in the electronics supply chain, face tariffs from the US, the sector output would take a huge hit. Learn more in our latest blog: https://okt.to/edLzFh
Trump policies could be a circuit breaker in global electronics supply chain
oxfordeconomics.com
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What’s the outlook of Australia economy in 2025? The Australian economy has endured a dour 2024. Looking ahead, we think Australia's growth prospects are set to improve in 2025. In our Key Themes report, our Head of Head of Macroeconomic Forecasting, Oxford Economics Australia Sean Langcake, discusses three critical questions shaping the outlook: 1. How strong will the consumer recovery be? 2. Which sectors will drive investment in 2025? 3. Can policymakers take their foot off the brakes? Download the report to uncover our full analysis: https://okt.to/mW8atd
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The robotics revolution we predicted has arrived In 2019, we launched our ground-breaking study, How Robots Change the World, highlighting the potential of robots to boost productivity and economic growth. Today, we see a global economy shaped by faster, more intelligent, and more adaptable robots—ahead of schedule. Concurrently, the societal challenges we identified have also intensified. Five years after the report's release, James Lambert, evaluates our predictions and outlines the path forward in his latest blog. Read more here: https://okt.to/Yb7RrW
AI and robots in 2025: the robotics revolution we predicted has arrived
oxfordeconomics.com
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Don’t Miss Our Exclusive Webinar on 19th December 2024 Discover how Trump’s tariffs and the trend of “slowbalisation” are influencing global economic integration. Register now to stay ahead of the curve: https://lnkd.in/df5pu2Q3
Trump's tariffs will likely exacerbate "slowbalisation". Trump's tariffs are set to deepen trade tensions, accelerating the global shift towards slower economic integration. 📥 Download the full report : https://okt.to/384MW7 🎙️ Join our webinar to explore more: https://okt.to/7XuzHw
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Sectors are adopting GenAI at differing speeds The speed and extent of AI adoption will vary across sectors. Sectors taking the lead with early adoption, such as information and finance, are among those we expect to experience the largest productivity gains. In contrast, retail, wholesale as well as the utilities sectors are currently among the slowest adopters. Sectoral adoption rates will be influenced by factors such as the relative cost of labour, regulatory barriers to new technology adoption, and the proportion of start-ups and large firms in a sector. Download our latest report to learn more about sectorial AI adoption and productivity gains: https://okt.to/mIGOqQ
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The current surge in transport-related projects has led to a steep increase in demand for skilled labour—but there are simply not enough people with the right skills available. Our lead economist, Ronal Kumar, wrote about this for the Daily Telegraph today, citing our analysis from a workforce capability report for Austroads which identified capability gaps in NSW, South Australia, the ACT and New Zealand over the next 1-7 years. Ronal argues that more needs to be done to boost talent in the sector, from easing entry barriers to broadening the talent pool with a focus on greater diversity, and even partnering with schools and universities. But the roads sector is likely to be hindered by more delays and higher costs until we can bridge the dearth in capability.
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Trump's tariffs will likely exacerbate "slowbalisation". Trump's tariffs are set to deepen trade tensions, accelerating the global shift towards slower economic integration. 📥 Download the full report : https://okt.to/384MW7 🎙️ Join our webinar to explore more: https://okt.to/7XuzHw
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Asia-Pacific has the best opportunities for middle class growth By 2029, two in every three middle-class consumers in emerging markets will be in APAC. China and India are leading the charge, set to add a total of 110 million new households to their middle classes, outpacing the growth of all other 30 key emerging markets combined. Meanwhile, we estimate that the Vietnam’s middle-class will be the fastest growing in APAC in the next five years. Download the full whitepaper: https://okt.to/xEHOkL
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