@NIESRorg leading global macroeconomic model used by policymakers & the private sector across the globe for economic forecasting, scenario & simulation purposes
We are proud to have been selected to join the modelling consortium working with the @NGFS_ on #scenario design, exploring the transition and physical impacts of #climatechange under varying assumptions 🌍👉
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niesr.ac.uk/media/niesr-pres…
Barry starts his presentation by highlighting the diverse experiences between the #US and #EuroArea
Similar cumulative inflation but much higher #GDP growth in the US… largely due to different impact of #geopolitics & fiscal stimulus 📊
We forecast ‘slow but steady’ #Global Growth in the medium term, at around 3 per cent
Growth is coming mainly from the so called emerging economies, with #India ‘leading the way’ in recent years
#GlobalGDP
⚡️Follow the live tweeting here if you haven't been able to sign up ⚡️⬇️ 🧵
We are off with our Deputy Director @EconSteveM introducing Barry Naisbitt who will present the main findings from our Global Economic Outlook🌐
@NiGEMmodel@RoyalEconSoc
⏰1⃣ hour to go until our Spring Economic Forum, where we will be discussing our latest analysis of the Global and UK economies, which is now free to access in full here 👉niesr.ac.uk/publications/pre…
📝Still time to sign up and attend the event online🖱️⬇️⬇️
niesr.ac.uk/events/spring-20…
Looking forward to presenting my work on the macroeconomic effects of the EU Recovery and Resilience Facility at this conference. See you in Glasgow 😀 @NIESRorg@jagjit_chadha@AdrianPabst1
Just over 2 weeks to go until our annual Dow Lecture💡
@NGFS_'s & @bankofengland's James Talbot will discuss the impacts of #ClimateChange on the macroeconomy and monetary policy🍃
🗓️ Thursday 25 April
⏰ 16:30-18:00
📝Sign up to attend 👇
hubs.la/Q02sfmMj0
I evaluated the macroeconomic effects of the RRF using our @NiGEMmodel, finding the RRF-financed increased in public investment raised demand in the short run and supply in the long run with a multiplier of around two. @NIESRorg@jagjit_chadha@Ecorys@CSILMilano@CEPS_thinktank
⚡️"Our estimates further suggest that 3 years after the transition period, UK real #GDP is some 2-3 per cent lower due to #Brexit, compared to a scenario where the UK retained #EU membership, corresponding to a per capita income loss of approximately £850 ⚡️
The negative impact will gradually escalates, reaching some 5-6 per cent of #GDP or about £2,300 per capita by 2035" 📈
⬇️Read here in full⬇️
niesr.ac.uk/publications/rev…
⚡️OUT NOW⚡️ Our latest #Global Economic Outlook suggests that Global #GDP growth have slowed to 3.1 per cent in 2023 from 3.5 per cent in 2022 and a further slowing, albeit slight, is forecast for 2024📉
🌎👇👇👇🌍
#EconTwitter@NiGEMmodelhubs.la/Q02k7BW20
Today marks the fourth anniversary of the UK's departure from the European Union 🇬🇧🇪🇺
Recently, we have been trying to (re)assess its impact on the economy 📈
Here is what we found 👇
#Brexit#BrexitAnniversary#EconTwitterhubs.la/Q02jhNKH0
In a week's time we will be publishing our latest views on the UK and Global economies with our quarterly #Outlooks📈
UK growth prospects do not look too exciting - economic #growth has been stalling for quite some time now 📉
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niesr.ac.uk/publication-type…
We at @NIESRorg have been consistently worried about the UK's growth prospects. The noise of anyone year matters much less than medium term prospects which are poor. My thoughts in these three interviews provide context.
🎩 @EconSteveM@AdrianPabst1@NiGEMmodel
In a week's time we will be publishing our latest views on the UK and Global economies with our quarterly #Outlooks📈
UK growth prospects do not look too exciting - economic #growth has been stalling for quite some time now 📉
1/4 🧵⬇️
niesr.ac.uk/publication-type…
New @NIESR report reveals the huge and lasting economic costs of Brexit buff.ly/3TaXCZx Figures are even worse than the Office for Budget Responsibility’s forecasts of 4% and in line with our @cep_lse analysis @TheNewEuropean
Now Barry Naisbitt going through the prospects for the Global Economy, analysis carried out with our @NiGEMmodel
➡️Transition to positive real rates
➡️Global #GDP slowing... and likely to remain slow
➡️Core #inflation falling slowly...
⚡️OUT NOW⚡️ Global #GDP growth is expected to slow to 3 per cent in 2023 from 3.5 per cent in 2022 📈
The pace of growth is not strong, and we expect that weakness to persist into 2024 🌐
Our latest Global Economic Outlook has just been published ⬇️
hubs.la/Q0288lsS0
New today! @NGFS_ published the fourth vintage of the #NGFS Climate Scenarios.
As part of the analytical team, CGS generated a new set of #GCAM scenarios to help analyze and manage climate-related risks to the economy and financial systems: go.umd.edu/NGFS4