Our new macro outlook in the wake of “Liberation Day” – and the risks around it
Date: 28 April
President Donald Trump’s tariff announcements since Liberation Day have substantially changed the outlook for the world economy. We discuss our updated forecasts and the risks around it – how strongly could tariffs affect growth and how much will continued tariff uncertainty hurt it?
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Adam Slater
Lead Economist
+44 (0) 1865 26 8934

Adam Slater
Lead Economist
Oxford, United Kingdom
Adam Slater is a lead economist at Oxford Economics, responsible for contributing to and helping to communicate Oxford Economics’ global macroeconomic view, including writing for and helping edit regular publications. He has a particular interest in developments in financial markets. Before joining Oxford Economics, Adam spent more than ten years working as an economist and strategist in the City of London for Nomura, Rabobank, and Calyon.

Daniel Harenberg
Lead Economist, Global Macro
+49 69 80883012

Daniel Harenberg
Lead Economist, Global Macro
Frankfurt, Germany
Daniel is a Lead Economist in Oxford Economics’ Global Team. Based in our Frankfurt office, he works on long-term, structural economic questions and provides coverage for the Netherlands. Prior to joining Oxford Economics, Daniel was a senior research fellow at the Center for Economic Research of ETH Zurich in Switzerland and at the Research Center SAFE of Goethe University in Frankfurt. Daniel received his PhD in economics from the University of Mannheim and has published in leading international journals such as the International Economic Review and Quantitative Economics.

Ben May
Director, Macro Forecasting & Analysis
+44 (0) 203 910 8015

Ben May
Director, Macro Forecasting & Analysis
London, United Kingdom
Ben May is a Director of Global Macroeconomic Research at Oxford Economics and is involved in the production and presentation of the company’s global macroeconomic views, with a leading role in our coverage of the advanced economies. Ben joined Oxford Economics in April 2014. He has over 15 years’ experience as a macro economist in the public and private sector and has over a decade’s expertise covering the Eurozone economy.
Before joining the Global Macro team, Ben worked on the Eurozone team at Oxford Economics. In addition to his working covering broad Eurozone issues he was also responsible for research on the ECB and Germany. Prior to joining Oxford Economics, Ben spent over six years at Capital Economics and was responsible for the coverage of the southern Eurozone economies throughout the Eurozone crisis. Before that, he spent seven years at the Bank of England, working in three divisions of the Monetary Analysis area of the Bank, which provides research and analysis for the Monetary Policy Committee. Ben has a BSc in Economics with Statistics from the University of Bristol and an MSc in Economics from University College London.
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