The State of Britain

Northern Ireland

  • The Province’s productivity growth outstrips most other regions and unemployment remains the lowest in the UK

    A nowcast for Northern Ireland for the 12 months ended March 2021 which incorporates the second lockdown, published by the Economic Statistic Centre of Excellence (‘ESCoE’) on a rolling 4 quarter basis, has estimated that the Province’s economy contracted by 10.5%. This ranked Northern Ireland third in the UK (previous ranking fourth). Over the same period the East Midlands was ‘best’ with a fall of 9.4%, with Wales’s 13.4% contraction the ‘worst’. The UK overall posted -11.8% on the same measure. ESCoE is a partnership of research institutions and the Office for National Statistics (‘ONS’) and has highlighted that during these unprecedented...