Whilst many countries start to roll back some of their Covid-19 restrictions and are seeing consumer spend bounce back, the UK is still under lockdown conditions. This week the UK reached a bleak milestone, with the total number of Covid-19 deaths reaching 100,000. This makes the UK the fifth country and first in Europe to … Continue reading “West Midlands Weekly Economic Impact Monitor – 29th January 2021”
Category: West Midlands Economic Impact Monitor
West Midlands Weekly Economic Impact Monitor – 22nd January 2021
This week we have seen significant changes in the USA with the inauguration of the 46th President; this could signal changing relationships which are yet to be understood. The current lockdown is adding uncertainty to business planning and forecasting, the impacts of the new EU trade deal are continuing to unfold, resulting in demonstrations by … Continue reading “West Midlands Weekly Economic Impact Monitor – 22nd January 2021”
West Midlands Weekly Economic Impact Monitor – 15th January 2021
This week we have seen continuing unrest in the USA as the administration changes, increasing infection rates globally and turmoil as Brexit impacts continue to unfold in the short-term. Below is a summary of the key issues this week which influence and shape the policy issues in the region. In the USA thousands of Trump … Continue reading “West Midlands Weekly Economic Impact Monitor – 15th January 2021”
West Midlands Weekly Economic Impact Monitor – 8th January 2021
As 2021 begins, the world is faced with promise and peril according to Deloitte. They note that on the positive side, the distribution of vaccines is underway, offering the promise that, sometime later in the year, the negative impact of the virus could ultimately abate. On the negative side, they highlight the virus continues to … Continue reading “West Midlands Weekly Economic Impact Monitor – 8th January 2021”
West Midlands Weekly Economic Impact Monitor – 18th December 2020
Welcome to the final monitor of 2020. The monitor was established at the start of the pandemic to look at the impacts as they unfolded and to bring together any available information from across partners. We had not envisaged at the start that this would still be needed thirty-nine weeks later. The WM REDI partners … Continue reading “West Midlands Weekly Economic Impact Monitor – 18th December 2020”
West Midlands Weekly Economic Impact Monitor – 11th December 2020
This week, the first Covid-19 vaccination in the world was carried out in the West Midlands. Although there are signs of optimism following this, longer-term uncertainty over the Brexit deal continues. European equity futures have risen following stocks rising in much of Asia and the U.S. S&P 500 closed at an all-time high. In Washington, Treasury Secretary … Continue reading “West Midlands Weekly Economic Impact Monitor – 11th December 2020”
West Midlands Weekly Economic Impact Monitor – 4th December 2020
This week the national lockdown ended and areas have reverted back to tiers. The West Midlands is in tier 3, the highest tier with most restrictions. This is forcing the continued closure or reduced functioning of many businesses specifically in hospitality, tourism and retail. As Brexit draws closer businesses are raising more issues and concerns … Continue reading “West Midlands Weekly Economic Impact Monitor – 4th December 2020”
West Midlands Weekly Economic Impact Monitor – 27th November 2020
This week the Chancellor announced the Spending Review, the Office for Budget Responsibility (OBR) published its latest forecast and the Treasury has launched the new Green Book. The UK economy is expected to shrink by 11.3% this year – the largest fall in output for 300 years. Covid-19 will leave “long-term scarring” and the economy … Continue reading “West Midlands Weekly Economic Impact Monitor – 27th November 2020”
West Midlands Weekly Economic Impact Monitor – 20th November 2020
This week the development of vaccines is signalling a positive change, according to the International Monetary Fund (IMF)’s most recent forecasts, global growth is expected to be around 5.2% during 2021 based on the assumption that social distancing would gradually fade away as new Covid-19 vaccines are being developed. It’s worth noting that, following the … Continue reading “West Midlands Weekly Economic Impact Monitor – 20th November 2020”
West Midlands Weekly Economic Impact Monitor – 13th November 2020
This week we see cases continuing to rise and the adjustment to Lockdown 2. In terms of wellbeing, nationally, people are feeling the least satisfied with life since March, they are suffering the largest drop in how they feel about the things they do in their lives, anxiety levels are on the rise and happiness … Continue reading “West Midlands Weekly Economic Impact Monitor – 13th November 2020”