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National Institute Global Economic Outlook

2021 - 2025

From National Institute of Economic and Social Research
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2025, issue 17

Foreword pp. 3-4 Downloads
Stephen Millard
National Institute Global Economic Outlook – Winter 2025 – Summary pp. 5-6 Downloads
Ahmet Kaya, Edmund Cornforth, Ian Hurst, Iana Liadze, Patricia Sanchez Juanino, Stephen Millard, Shama Bernard, Barry Naisbitt, Lea de Greef and Monica George Michail
Box A: France's Austerity Package: Assessing the Macroeconomic Impacts pp. 24-31 Downloads
Ahmet Kaya and Patricia Sanchez Juanino
Box B: Global Trade Fragmentation and the Rise of Connector Countries pp. 34-38 Downloads
Lea de Greef and Antonio Haro-Banon
Appendix A: Summary of key forecast assumptions pp. 52-60 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 61-69 Downloads
Iana Liadze

2024, issue 16

National Institute Global Economic Outlook – Autumn 2024 – Summary pp. 4-5 Downloads
Ahmet Kaya, Edmund Cornforth, Ian Hurst, Iana Liadze, Patricia Sanchez Juanino, Stephen Millard, Shama Bernard, Barry Naisbitt and Lea de Greef
Foreword pp. 4 Downloads
Stephen Millard
National Institute Global Economic Outlook Autumn 2024 pp. 6-78 Downloads
Ahmet Kaya, Edmund Cornforth, Ian Hurst, Iana Liadze, Patricia Sanchez Juanino, Stephen Millard, Shama Bernard, Barry Naisbitt and Lea de Greef
Box A: Does the Recent Rise in Shipping Costs Warn of Higher Inflation? pp. 14-20 Downloads
Ahmet Kaya, Edmund Cornforth and Barry Naisbitt
Box B: Not Your Father's Rate Cycle: US Economic Resilience Against Rate Hikes pp. 28-42 Downloads
Monica George Michail and Paul Mortimer-Lee
Box C: Global Ripples: Fed's Monetary Moves and their Impact on Emerging Economies pp. 53-63 Downloads
Turalay Kenc
NiGEM Topical Feature: The Effects of Higher US tariffs pp. 64-77 Downloads
Shama Bernard, Lea de Greef, Ian Hurst, Ahmet Kaya, Barry Naisbitt and Iana Liadze
Appendix A: Summary of key forecast assumptions pp. 79-87 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 88-96 Downloads
Iana Liadze

2024, issue 15

Foreword pp. 3-4 Downloads
Stephen Millard
National Institute Global Economic Outlook – Summer 2024 – Summary pp. 7-47 Downloads
Ahmet Kaya, Edmund Cornforth, Ian Hurst, Iana Liadze, Patricia Sanchez Juanino, Stephen Millard, Shama Bernard, Barry Naisbitt and Lea de Greef
Box A: The European Union's Revised Fiscal Rules: Main Features and Implications pp. 23-28 Downloads
Lucia Cassaro
Box B: Quantitative Easing, Fiscal Policy and Central Bank Recapitalisation pp. 41-43 Downloads
Jagjit Chadha
Appendix A: Summary of key forecast assumptions pp. 48-55 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 56-64 Downloads
Iana Liadze

2024, issue 14

Foreword pp. 3-4 Downloads
Stephen Millard
National Institute Global Economic Outlook – Summary pp. 5-6 Downloads
Niesr
Global Economic Outlook pp. 7-64 Downloads
Barry Naisbitt, Edmund Cornforth, Ian Hurst, Iana Liadze, Ahmet Kaya, Patricia Sanchez Juanino, Stephen Millard and Shama Bernard
Box A: Everything You Wanted to Know About the US Budget Deficit and Debt But Were Afraid to Ask pp. 23-33 Downloads
Paul Mortimer-Lee and Ahmet Kaya
Box B: How Geopolitics Shapes Chinese Economic Policy: An Introduction to 'Asymmetric Decoupling' pp. 36-39 Downloads
David Lubin
NiGEM Topical Feature: To What Extent Has the Recovery and Resilience Facility Supported the EU Recovery from Covid? pp. 54-64 Downloads
Stephen Millard
Appendix A: Summary of key forecast assumptions pp. 65-71 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 72-80 Downloads
Iana Liadze

2024, issue 13

Foreword pp. 3 Downloads
Stephen Millard
National Institute Global Economic Outlook – Summary pp. 4-6 Downloads
Niesr
Global Economic Outlook pp. 7-53 Downloads
Barry Naisbitt, Edmund Cornforth, Ian Hurst, Iana Liadze, Ahmet Kaya, Patricia Sanchez Juanino, Stephen Millard and Shama Bernard
Box A: The Financial (In)Stability Real Interest Rate, R**, as a Monetary Policy Constraint pp. 33-37 Downloads
Gianluca Benigno
Box B: Geopolitical risks and the global economy pp. 39-43 Downloads
Ahmet Kaya
Box C: The Spectre of a US House Price Correction pp. 45-51 Downloads
Paul Mortimer-Lee
Appendix A: Summary of key forecast assumptions pp. 54-60 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 61-69 Downloads
Iana Liadze

2023, issue 12

Foreword pp. 3 Downloads
Stephen Millard
National Institute Global Economic Outlook – Summary pp. 4-6 Downloads
Niesr
Global Economic Outlook pp. 7-37 Downloads
Barry Naisbitt, Edmund Cornforth, Ian Hurst, Iana Liadze, Ahmet Kaya, Patricia Sanchez Juanino, Stephen Millard and Shama Bernard
Box A: The Fed Has Overtightened pp. 38-46 Downloads
Paul Mortimer-Lee
Box B: Expanding country models in NiGEM pp. 47-52 Downloads
Edmund Cornforth
Appendix A: Summary of key forecast assumptions pp. 53-61 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 62-71 Downloads
Iana Liadze

2023, issue 11

Foreword pp. 3 Downloads
Jagjit Chadha
National Institute Global Economic Outlook – Summary pp. 4-6 Downloads
Niesr
Global Economic Outlook pp. 7-34 Downloads
Barry Naisbitt, Edmund Cornforth, Paula Bejarano Carbo, Ian Hurst, Iana Liadze, Xuxin Mao, Patricia Sanchez Juanino and Stephen Millard
Box A: Prospects for Emerging Central and Eastern European Economies pp. 35-40 Downloads
Jakub Rybacki
Box B: The Multilateral Context for European and Australian Economic Cooperation pp. 41-48 Downloads
Paul Gretton
Box C: Why Did US Inflation Forecasts Fail? pp. 49-58 Downloads
Paul Mortimer-Lee
NiGEM Topical Feature: Short-term Impact from a Rapid Increase in Carbon Taxes pp. 59-69 Downloads
Iana Liadze, Barry Naisbitt, Patricia Sanchez-Juanino and Stephen Millard
Appendix A: Summary of key forecast assumptions pp. 70-78 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 79-88 Downloads
Iana Liadze

2023, issue 10

Foreword pp. 3 Downloads
Jagjit Chadha
National Institute Global Economic Outlook – Summary pp. 4-5 Downloads
Niesr
Global Economic Outlook pp. 6-26 Downloads
Barry Naisbitt, Edmund Cornforth, Paula Bejarano Carbo, Joanna Nowinska, Ian Hurst, Iana Liadze, Hailey Low, Xuxin Mao and Patricia Sánchez Juanino
Modelling the effects from slower trade growth: an exercise using NiGEM pp. 27-33 Downloads
Iana Liadze, Barry Naisbitt and Patricia Sanchez-Juanino
Appendix A: Summary of key forecast assumptions pp. 34-39 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 40-48 Downloads
Iana Liadze

2023, issue 9

Foreword pp. 3 Downloads
Jagjit Chadha
National Institute Global Economic Outlook – Summary pp. 4-5 Downloads
Niesr
Global Economic Outlook pp. 6-34 Downloads
Barry Naisbitt, Edmund Cornforth, Paula Bejarano Carbo, Joanna Nowinska, Ian Hurst, Iana Liadze, Hailey Low, Xuxin Mao and Patricia Sánchez Juanino
Box A: The First World War: what it helps us to understand about Russia's invasion of Ukraine pp. 12-14 Downloads
Norma Cohen
Box B: Has headline inflation peaked in the G7 economies? pp. 21-27 Downloads
Barry Naisbitt and Joanna Nowinska
NiGEM Topical Feature: Modelling a secular slowdown in China: an exercise using NiGEM pp. 35-42 Downloads
Iana Liadze, Xuxin Mao, Barry Naisbitt and Patricia Sanchez-Juanino
Appendix A: Summary of key forecast assumptions pp. 43-48 Downloads
Iana Liadze
Appendix B: Forecast detail pp. 49-58 Downloads
Iana Liadze
Page updated 2025-04-09