A nowcast for the EM for the 12 months ended June 2020 on a rolling 4 quarter basis, published by the Economic Statistic Centre of Excellence (‘ESCoE’), has estimated that the EM economy contracted by 4.5%.
This ranked the EM first in the UK and suggests the regional economy has so far coped ‘better’ with the pandemic relative to the other eleven UK ‘regions’. Over the same period London’s 7.4% contraction was the ‘worst’ with the UK decline according to the Office for National Statistics (‘ONS’) figures at 5.3%.
ESCoE is a partnership of research institutions and the ONS and has highlighted...
