Wales

  • The Welsh economy falls by 12% and unemployment jumps by 1.9% November, 2020

    A nowcast for Wales for the 12 months ended September 2020 on a rolling 4 quarter basis, published by the Economic Statistic Centre of Excellence (‘ESCoE’), has estimated that the Wales economy contracted by 11.4%. This ranked the Wales last in the UK and suggests the country’s economy has so far coped ‘poorly’ with the pandemic relative to the other eleven UK ‘regions’ on this metric. Over the same period the North East was ‘best’ with a fall of 6.5%; the UK decline according to these figures was c8%. However, the total percentage change in the Welsh GDP relative to the end...

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