A new research briefing and global scenarios report from Oxford Economics has been added to NFPA’s member hub.
The latest research briefing focuses on the Francis Scott Key Bridge collapse. Oxford anticipates larger economic implications for the Baltimore economy than nationally. Increases in transportation costs and disruptions are not forecasted to be widespread or large enough to significantly impact core consumer prices. Additionally, the Ports of Virginia and New York/New Jersey previously handled containers above their historical average in 2022, suggesting some capacity for rerouting from the Port of Baltimore.
In Oxford’s Global Scenarios Service report for Q1 2024, the following 4 global scenarios are discussed:
- Central banks signal victory over inflation
- Higher for longer interest rates
- Middle East escalation
- Increased China-Taiwan tensions
This report includes scenario specific market impacts, cross-country GDP impacts, and adjusted GDP growth forecasts. For example, Oxford forecasts that with higher for longer interest rates, the eurozone GDP is forecasted to be 2.3% below Oxford’s baseline forecast.
To access these reports, click HERE, and go to either “Research Briefing | Economic Costs of the Key Bridge Collapse” or “Q1 | Global Scenarios Service”.
Do you have questions, or need an NFPA member hub login? Contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.
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