East England

  • The East of England’s economy shrinks by 22.5% during the first Lockdown but performs well over five years February, 2021

    A nowcast for the EE for the 12 months ended December 2020, published by the Economic Statistic Centre of Excellence (‘ESCoE’), has estimated that the EE economy contracted by 11.4%. This ranked the EE ninth in the UK. Over the same period the East Midlands was ‘best’ with a fall of 8.9%, with London’s 12.9% contraction the ‘worst’. ESCoE also gave estimates of regional growth over a longer period. Over the last five years, London, the East of England and the West Midlands have grown relative to the other parts of the UK despite experiencing some of the largest declines in activity...