Global pumps market outlook 2025
Date: 5 June
The ongoing trade war has curtailed global economic growth. And even as tariffs are rolled back, uncertainty, and the impact on business investment, will remain in the near term. Against this backdrop, we set out our forecasts for the global pump market and discuss the risks to our baseline forecasts.
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Jeremy Leonard
Managing Director of Global Industry Services
Jeremy Leonard
Managing Director of Global Industry Services
London, United Kingdom
Jeremy Leonard is responsible for overseeing the work of the industry forecasting team and managing the operation and output of Oxford Economics’ Global Industry Model as well as related consultancy work.
Jeremy’s knowledge and past experience span a broad range, including competitiveness and offshoring/reshoring, commodity price modelling, and applied economic research on sectors ranging from biotech to heavy manufacturing to telecoms. In addition to numerous recurring bespoke sales and output forecasts for industries as diverse as machine tools and consumer packaging, recent consulting assignments have included the drivers of competitiveness in the chemical sector, forward-looking analyses of high-growth sectors across a range of emerging economies, and the ways in which digital technologies are transforming economic activity across manufacturing and service sectors.
Prior to joining Oxford Economics, Jeremy ran his own consulting firm based in Montreal, Canada providing a variety of economic analysis and forecasting services related to commodity prices, competitiveness, and the Canadian and US economic outlooks for the Washington, DC-based Manufacturers Alliance for Productivity and Innovation, as well as serving as economic research director for the Montreal-based Institute for Research on Public Policy.
Born and raised in Washington, DC, Jeremy was educated at the University of Pennsylvania and McGill University, where he received his MA in Economics summa cum laude. He also speaks fluent French.
Kiran Ahmed
Lead Economist
Kiran Ahmed
Lead Economist
London, United Kingdom
Kiran has worked at Oxford Economics for over 15 years. During her time at the company, she has had responsibility for forecasting commodity prices, including energy and metals and is currently working on developing the Commodity Service’s agricultural commodity offering. In addition, she has had responsibility for forecasting several different industrial sectors including metals and engineering for the Industry Service and is now responsible for forecasting the agriculture sector. Kiran has led several consultancy projects in the Industry Team while at Oxford Economics and continues to manage some of the projects in capital goods sector.
Prior to working at Oxford Economics, Kiran worked at CRU, a metals consultancy, where she contributed to the aluminium demand analysis. Kiran holds an MSc in Economics from Nottingham University and a BA (Hons) from Kingston University.
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