Current approaches France and Germany have introduced large financial rescue packages to seek to lessen the impact of the COVID-19 pandemic on their economies. Bruno Le Maire, the French Finance Minister, has announced an aid package to help businesses and employees worth over 300 billion Euros. The German Federal and state governments have announced measures … Continue reading “The Role of Short-Time Working Schemes in Mitigating the Impact of Financial Crises: Learning From France and Germany”
Category: Economics
West Midlands Weekly Economic Impact Monitor – 1st May 2020
WM REDI has been tasked with providing an up to date monitor of the current Covid-19 economic impacts, on a weekly basis. These reports will help regional partners to shape responses and interventions to boost the region’s resilience so that it can thrive going forward. Each week the focus of the report is based on … Continue reading “West Midlands Weekly Economic Impact Monitor – 1st May 2020”
New Research From the Midlands Engine Economic Observatory Examines the Drivers, Opportunities and Barriers Facing the Midlands
We are happy to announce that the Midlands Engine is today publishing key outputs from the Midlands Engine Economic Observatory (MEEO). The MEEO is a partnership led by City-REDI, which includes Nottingham Trent University, the Black Country Consortium, SQW, and Cambridge Econometrics. It aims to provide essential research capacity and grow contemporary insights into the … Continue reading “New Research From the Midlands Engine Economic Observatory Examines the Drivers, Opportunities and Barriers Facing the Midlands”
Prosperity, Inclusivity and Sustainability Across UK Regions – WM REDI Policy Briefing
This policy briefing reports on a study to assess economic growth, inclusivity and sustainability across UK regions in terms of both current performance (in 2018) and change in performance (between 2013 and 2018). It is part of a larger, on-going (ESRC-funded) project on ‘Local Institutions, Productivity, Sustainability and Inclusivity Trade-offs’ (LIPSIT). We developed a regional … Continue reading “Prosperity, Inclusivity and Sustainability Across UK Regions – WM REDI Policy Briefing”
COVID-19: Unemployment and Labour Market Policy Priorities
A Brief History On 14 April 2020, the Office for Budget Responsibility (OBR) published a scenario in which the UK would see a real GDP fall of 35% in Q2 2020, followed by a quick bounce back. Under this same scenario, unemployment rises by more than 2 million to a total of 3.4 million (10%) … Continue reading “COVID-19: Unemployment and Labour Market Policy Priorities”
Universities and Regional Economies: Multiplier Effects and the Impact of COVID-19
In this blog, Tasos Kitsos, André Carrascal-Incera and Diana Gutiérrez-Posada discuss the potential impact of decreasing numbers of students on the UK economy. This research is part of the City-REDI project “The Impact of Universities on Regional Economies“. COVID-19: The economic cost for Universities The COVID-19 economic crisis is expected to significantly affect the UK … Continue reading “Universities and Regional Economies: Multiplier Effects and the Impact of COVID-19”
Estimates of the Local Impact in the West Midlands of the OBR Scenario of a 35% Reduction in Real GDP in Q2 2020
The Office of Budget Responsibility’s (OBR) COVID-19 analysis published on 14th April 2020 makes clear that on the basis of evidence from past pandemics the economic impact of the crisis will arise less from illness and death than from the reduction in demand for goods and services stemming from public health restrictions and social distancing … Continue reading “Estimates of the Local Impact in the West Midlands of the OBR Scenario of a 35% Reduction in Real GDP in Q2 2020”
West Midlands Weekly Economic Impact Monitor – 24 April 2020
WM REDI has been tasked with providing an up to date monitor of the current COVID-19 economic impacts to help regional partners to shape responses and interventions to ensure the region continues to thrive. The weekly monitor brings together data and intelligence from the WM REDI partnership into one single source which can be shared … Continue reading “West Midlands Weekly Economic Impact Monitor – 24 April 2020”
COVID-19 Business Support Measures: Insights from the UK, Spain and Ireland
The International Labour Organisation (ILO) estimates that COVID-19 will have far-reaching impacts on world labour market outcomes. The virus and the subsequent economic shocks will impact the world of work across three key dimensions: The number of jobs (both unemployment and underemployment) The quality of work (e.g. wages and access to social protection) Effects on … Continue reading “COVID-19 Business Support Measures: Insights from the UK, Spain and Ireland”
The Uneven Spatial Footprint of the Coronavirus (COVID-19) Shutdown
In this blog, Tasos Kitsos looks into the spatial heterogeneity in the distribution of industries currently shut down in the UK. As the COVID-19 pandemic continues to develop, we begin to realise the potential economic impact from the oncoming recession. The Office for National Statistics has moved with unprecedented speed to gather data on the … Continue reading “The Uneven Spatial Footprint of the Coronavirus (COVID-19) Shutdown”