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Oxford Economics study predicts AI technology adoption will transform half of all jobs and inject US$1T into US economy over next decade; AI could lead to 9% of US workforce losing their job in next 10 years, with 1% struggling to find new employment

British beauty industry has lost £850M in exports to EU since Brexit, also faces skills shortage from fewer EU workers, finds Oxford Economics study commissioned by British Beauty Council; smaller brands are disproportionately affected by customs issues

Oxford Economics expects mild US recession in late 2023, noting consumers quickly spending savings, businesses slowing hiring; economy could fall into 'rolling' recession when some industries contract while others grow, leaving overall GDP growth positive

Commentary: Economists widely expect inflation to keep cooling in coming months; Pimco forecasts slowdown in inflation in H2, but Oxford Economics warns of possible spike in US food prices triggered by El Nino, which is expected to begin later 2023

Oxford economist says older generations have advantage in AI boom, as people skills can't be automated away; as AI automates online tasks, some remote workers and jobs reliant on virtual communication face greater risk

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