West Midlands

  • The WM economy shrinks by 12% with all key sectors declining November, 2020

    A nowcast for the WM 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 WM economy contracted by 9.3%. This ranked the WM ninth in the UK and suggests the regional economy has so far coped ‘reasonably’ 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%, with Wales’s 11.4% contraction the ‘worst’; the UK decline according to these figures was c8%. However, the total percentage change in...

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