NiGEM

@NIESRorg leading global macroeconomic model used by policymakers & the private sector across the globe for economic forecasting, scenario & simulation purposes

[NiGEM @NiGEMmodel]

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 🌍👉

1/3
https://t.co/56KX63aDJd

[NiGEM @NiGEMmodel]

#EasterWeekendReading🐣🔖

In our latest #MondayInterview blog @EconSteveM talks to Nic Crittenden and @AdrianPabst1 about the impact of the #MiddleEast conflict on UK #EnergyPrices and fiscal policy 📈

What can the Govt do to ease the pain? ⬇️

https://t.co/xdvUIcNTsC

[National Institute of Economic and Social Research @NIESRorg]

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 📊

[National Institute of Economic and Social Research @NIESRorg]

@NYFedResearch @NiGEMmodel @ECB_Research @kielinstitute @ecb @federalreserve 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

[National Institute of Economic and Social Research @NIESRorg]

⚡️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

[National Institute of Economic and Social Research @NIESRorg]

🚨Resilient to the Challenges of the New Reality📈🌍

🌐Our latest Global Economic Outlook is out now⚡️

⬇️Read the main points here⬇️

#GlobalEconomy
#EmergingEconomies
#CentralBanks

https://t.co/QmSnbzFP8t

[Stephen Millard @EconSteveM]

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

[National Institute of Economic and Social Research @NIESRorg]

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 👇

https://t.co/uojdZF3QlX

[National Institute of Economic and Social Research @NIESRorg]

This @FT editorial hyperlinks the study evaluating the impact 'mid-term' of the @EU_Commission's #Covid Recovery Fund, of which our @EconSteveM was one of the author and our @NiGEMmodel was the model used to carry out the analysis 🌐

📖Read it here 👉 https://t.co/YJTZRrLQVE

[Stephen Millard @EconSteveM]

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

[National Institute of Economic and Social Research @NIESRorg]

⚡️"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⬇️

https://t.co/DRudllOKEO

[Jagjit S. Chadha @jagjit_chadha]

.@NIESRorg 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.

🎩 @williamkeegan @EconSteveM @williamnhutton @NiGEMmodel

https://t.co/Je0eep2Rds

[National Institute of Economic and Social Research @NIESRorg]

⚡️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
@NiGEMmodel
https://t.co/R8hIXWt94u

[National Institute of Economic and Social Research @NIESRorg]

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

https://t.co/bSviaS7Xhc

[National Institute of Economic and Social Research @NIESRorg]

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 🧵⬇️

https://t.co/YhVGUF1lLO

[Jagjit S. Chadha @jagjit_chadha]

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

[Jagjit S. Chadha @jagjit_chadha]

Thank you @johnvanreenen. 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.

🎩 @NiGEMmodel and @EconSteveM

@NIESRorg @OBR_UK @CEP_LSE @EconObservatory

[National Institute of Economic and Social Research @NIESRorg]

⚡️OUT NOW⚡️ Our full response to the #AutumnStatement has just been published 📈

⬇️Read it here⬇️

#autumnstatement2023

https://t.co/FZM7N7p9HW

[National Institute of Economic and Social Research @NIESRorg]

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...

[National Institute of Economic and Social Research @NIESRorg]

⚡️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 ⬇️

https://t.co/mXTGMSPlC2

[Center for Global Sustainability @CtrGlobSust]

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: https://t.co/5isq5BKfuP