West Midlands Weekly Economic Impact Monitor – 17th July 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 – 17th July 2020”

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”

What Do We Know About the Current Economic Conditions and What Does the Latest Data Indicate for the West Midlands’ Economy?

Official data has a habit of being out of sync and lagging, necessarily as its aim is to get an accurate understanding of performance, that takes time, effort and a drive for quality. Big decisions are made on this data and we need to know it’s right. But how do we know what’s going on … Continue reading “What Do We Know About the Current Economic Conditions and What Does the Latest Data Indicate for the West Midlands’ Economy?”

What is Gross Value Added (GVA)?

Welcome to part one in our new series “What is…?” where we explain the language, terms and ideas used in our day-to-day work.  Other blogs from the series include: What is Transport Resilience? What is Smart Specialisation? What are Industrial Clusters and Economies of Agglomeration? Definition and Description Gross value added (GVA) measures the contribution … Continue reading “What is Gross Value Added (GVA)?”