West Midlands Economic Impact Monitor – 10 December 2021

This week we see the rise of the new variant of Covid-19 which could be set to slow economic recovery down. Omicron developed in southern Africa and has now spread worldwide. New restrictions are emerging in many countries. This is leading to mass protests and in some cases violence, as citizens see this as an … Continue reading “West Midlands Economic Impact Monitor – 10 December 2021”

West Midlands Economic Impact Monitor – 26 November 2021

Globally we are seeing the majority of economies starting to recover; however, the speed of job creation is generally lagging behind, unable to compensate for earlier employment losses; especially in developing economies. Currently, the UN is predicting the global unemployment rate will hit 6.3%, falling to 5.7% in 2022, above the pre-pandemic level of 5.4%. … Continue reading “West Midlands Economic Impact Monitor – 26 November 2021”

Future Trends Post-COVID and Their Impact on Birmingham

Rebecca Riley highlights some of the threats and opportunities that Birmingham and other cities face in the future.  This blog post was produced for inclusion in the Birmingham Economic Review for 2021. The annual Birmingham Economic Review is produced by the City-REDI, University of Birmingham and the Greater Birmingham Chambers of Commerce. It is an … Continue reading “Future Trends Post-COVID and Their Impact on Birmingham”

The Great Resignation, The Great Reset, The Great Reshuffle and The Great Retention

Rebecca Riley discusses the current high levels of resignations, the movement towards flexible working, changing business models and the fight to keep employees. For a number of editions of the West Midlands Economic Impact Monitor, we have been reporting that many sectors are experiencing high levels of vacancies; whilst labour market data shows that unemployment … Continue reading “The Great Resignation, The Great Reset, The Great Reshuffle and The Great Retention”

West Midlands Economic Impact Monitor – 15 October 2021

This week the IMF has dropped its expected growth forecast for many of the leading economies globally. This reflects disruptions to supply chains and a softening of consumption in the third quarter. As government spending is slowing down on Covid-19 relief programmes, many consumers are reining in their spending, especially as inflation is hitting prices … Continue reading “West Midlands Economic Impact Monitor – 15 October 2021”

West Midlands Economic Impact Monitor – 1 October 2021

The optimism about the economic recovery that characterised many indices of business confidence in June and July has given way to a much more mixed picture as we move into Autumn. Recently it has become clear that multiple global issues, such as climate change, port delays, container shortages, HGV driver shortages, Covid-19 spikes and subsequent … Continue reading “West Midlands Economic Impact Monitor – 1 October 2021”

West Midlands Weekly Economic Impact Monitor – 17th September 2021

This fortnight there have been a number of significant announcements on social care financing, latest furlough data and the PMI, along with a cabinet reshuffle this week. Midlands MP Nadhim Zahawi is the new Education Secretary and Michael Gove has moved to MHCLG. As an avowed public sector reformer, this latter appointment could signal changes … Continue reading “West Midlands Weekly Economic Impact Monitor – 17th September 2021”

West Midlands Weekly Economic Impact Monitor – 20th August 2021

Whilst the world is looking at events in Afghanistan, the UK has seen a resurgence in infection rates, and the number of daily new cases confirmed in the UK is now the highest out of the selected European countries. 8% of West Midlands adults reported they were self-isolating; the highest region in Great Britain for … Continue reading “West Midlands Weekly Economic Impact Monitor – 20th August 2021”

West Midlands Weekly Economic Impact Monitor – 6th August 2021

This week three major intelligence products for partners have been launched. These are: (1) the Cultural Infrastructure Map – cultural facilities are the cornerstone of our arts and cultural ecology, which will help support the arts and cultural sector. (2) The WMREDI partnership launched the State of the Region 2021 and the reports can be … Continue reading “West Midlands Weekly Economic Impact Monitor – 6th August 2021”

West Midlands Weekly Economic Impact Monitor – 23rd July 2021

This week England has opened up, lifting most of the restrictions in place to date. This has been met with mixed reviews, especially as Covid-19 cases are rising. It remains to be seen what impact opening up has overall and how public perceptions and behaviour unfold over the coming weeks. The UK has seen a … Continue reading “West Midlands Weekly Economic Impact Monitor – 23rd July 2021”