The 2050 Global Target Framework needs to be reformulated and supplemented by Hard Intermediate Targets. And two global fiscal instruments are needed to secure an efficient global strategy to deliver it, argues NIESR Visitor Peter Doyle in his paper 🌎🌱 niesr.ac.uk/publications/d…

New today! Network for Greening the Financial System 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

⚡️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

Now Barry Naisbitt going through the prospects for the Global Economy, analysis carried out with our NiGEM ➡️Transition to positive real rates ➡️Global #GDP slowing... and likely to remain slow ➡️Core #inflation falling slowly...

⚡️OUT NOW⚡️ Our full response to the #AutumnStatement has just been published 📈 ⬇️Read it here⬇️ #autumnstatement2023 hubs.la/Q029N9P10

Thank you John Van Reenen. It seems to me that we chose a risky path, just as the world got riskier. Obviously more work is needed, especially on how to support our depleted economic circumstances. 🎩 NiGEM and Stephen Millard National Institute of Economic and Social Research Office for Budget Responsibility Centre for Economic Performance Economics Observatory

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-ty…

We at National Institute of Economic and Social Research 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. 🎩 Stephen Millard Adrian Pabst NiGEM

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 #EconTwitter hubs.la/Q02jhNKH0

⚡️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 NiGEM hubs.la/Q02k7BW20

.National Institute of Economic and Social Research estimate that the disruption to GDP precipitated by #Brexit has been some 6%. Better policies might have provided mitigation. The tax base has thus been permanently eroded. 🎩 William Keegan Stephen Millard Will Hutton NiGEM theguardian.com/business/2024/…

⚡️"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

I evaluated the macroeconomic effects of the RRF using our NiGEM, 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. National Institute of Economic and Social Research Jagjit S. Chadha Ecorys Furniture Market Research CEPS ThinkTank

This Financial Times editorial hyperlinks the study evaluating the impact 'mid-term' of the European Commission's #Covid Recovery Fund, of which our Stephen Millard was one of the author and our NiGEM was the model used to carry out the analysis 🌐 📖Read it here 👉 commission.europa.eu/document/downl…

Just over 2 weeks to go until our annual Dow Lecture💡 Network for Greening the Financial System's & Bank of England'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

Looking forward to presenting my work on the macroeconomic effects of the EU Recovery and Resilience Facility at this conference. See you in Glasgow 😀 National Institute of Economic and Social Research Jagjit S. Chadha Adrian Pabst

🚨Resilient to the Challenges of the New Reality📈🌍 🌐Our latest Global Economic Outlook is out now⚡️ ⬇️Read the main points here⬇️ #GlobalEconomy #EmergingEconomies #CentralBanks hubs.la/Q02wD_q-0

⚡️Follow the live tweeting here if you haven't been able to sign up ⚡️⬇️ 🧵 We are off with our Deputy Director Stephen Millard introducing Barry Naisbitt who will present the main findings from our Global Economic Outlook🌐 NiGEM Royal Economic Society

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 📊

New York Fed Research NiGEM European Central Bank Research Kiel Institut European Central Bank Federal Reserve 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