Wales

  • The second lockdown hits the Welsh economy the hardest but unemployment remain low August, 2021

    A nowcast for Wales 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 country’s economy contracted by 13.4%. This ranked Wales bottom in the UK (previous ranking eleventh). 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 times, with...

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