Joe Maher

Joe Maher joined Capital Economics in September 2023 as an Assistant Economist on the graduate training scheme. He currently works on our UK team. He holds a degree in Economics from the University of Warwick.

Energy Chart Pack

Energy Chart Pack (May 2024)

Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. The fall in oil prices since Iran and Israel’s back-and-forth attacks suggests that some of the...

7th May 2024 1 min read

Commodities Update

China PMIs point to solid but unremarkable demand

China’s PMI surveys for April suggest the economy continues to grow at a faster pace than a few months ago which is providing support for commodity demand. Today’s Politburo statement signalled that...

30th April 2024 2 mins read

Energy Update

Japan’s LNG demand to sink; Korea’s to fall more slowly

A resurgent nuclear power sector in Japan and a continuously growing one in South Korea coupled with an expansion in renewable power capacities will ensure both countries’ LNG demand will fall...

23rd April 2024 3 mins read

Green Transition Chart Pack

Green Transition Chart Pack (Apr. 2024)

Recent increases in natural gas prices in Europe have predictably been mirrored in the EU carbon price, which has risen from a 31-month low of €52 per tonne in February to €71 at the time of writing...

18th April 2024 1 min read

Energy Update

Tentative signs of coal’s demise in China in 2024

A resurgence in hydropower in China this year combined with the continued rapid expansion of its wind, solar and nuclear power capabilities may pave the way for 2024 to mark the start of a steady...

10th April 2024 4 mins read

Commodities Outlook

Energy prices to cool, but metals to hold firm for now

We expect most commodity prices to fall over the next couple of years as greater supply enters the market. Industrial metals are the exception, China’s policymakers have stepped up stimulus in recent...

4th April 2024 33 mins read

Energy Update

Lower US oil supply in 2025 to be offset elsewhere

We expect global crude production to rise by around 2.5% in 2025 as the unwinding of OPEC+ voluntary supply cuts stretches all through next year. But non-OPEC+ oil producing nations will also play...

14th March 2024 4 mins read

Commodities Overview Chart Pack

Commodities Overview Chart Pack (Mar. 2024)

We expect oil prices to edge lower in the second half of 2024 as OPEC+ starts to unwind its production cuts. However, the Israel-Hamas war, and associated risks to supply, will act as a floor under...

12th March 2024 1 min read

Energy Chart Pack

Energy Chart Pack (Mar. 2024)

Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. Oil prices have so far shrugged off disruptions to shipping in the Red Sea and the risk of wider...

11th March 2024 1 min read

UK Economics Update

Stickiest part of services inflation may soon worry BoE less

Our view that the Bank of England will become less concerned by the most persistent part of services CPI inflation suggests that it will cut interest rates in the summer, perhaps in June. But the risk...

4th March 2024 3 mins read

UK Markets Chart Pack

UK Markets Chart Pack (Feb. 2024)

Despite renewed inflation concerns pushing interest rate expectations and gilt yields higher, our forecast that CPI inflation will fall below 1.0% later this year makes us think that the markets are...

29th February 2024 1 min read

UK Economics Update

Spring Budget 2024 Checklist

This is an updated checklist which takes into account our latest expectations for the Spring Budget. The checklist helps clients keep track of the key policies and forecasts announced during the...

28th February 2024 3 mins read

UK Economics Focus

Spring Budget 2024 Preview – Electioneering beats prudence

Using most of the fiscal headroom of about £15bn to cut taxes in the Spring Budget on 6th March would show that the Chancellor is putting the election before prudence. Such tax cuts may help lift the...

20th February 2024 21 mins read

UK Economics Rapid Response

UK Retail Sales (Jan. 2024)

The 3.4% m/m rebound in retail sales volumes in January will put an end to the retail recession and perhaps even to the wider economy recession in Q1. The strong pick up in sales suggests the worst is...

16th February 2024 2 mins read

UK Economics Focus

What does the election mean for the UK economy?

The next general election won’t be as pivotal for the economy or the markets as the elections in 2017 and 2019. Moreover, whoever wins will be constrained by interest rates having risen relative to...

13th February 2024 31 mins read

UK Economics Chart Pack

UK Economics Chart Pack (Feb. 2024)

The faster-than-expected fall in wage growth in November suggests the unexpected rebound in CPI inflation in December will be fleeting. We still think that by April CPI inflation will have fallen...

7th February 2024 1 min read