COVID-19 Diversification Measures: What Local and Regional Governments Can Do?

COVID-19 and Brexit are putting our value chains in danger. How can an economic diversification strategy help in this process? And what can local and regional governments do about it? COVID-19 and Brexit are affecting the UK industrial fabric in different ways, but in particular, the sudden deglobalisation effects they create can lead to trade … Continue reading “COVID-19 Diversification Measures: What Local and Regional Governments Can Do?”

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”

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”

Identifying Exposure: What Do the IFS Estimates on the Coronavirus Sector Shutdown Mean for the West Midlands?

On April 6th 2020 the Institute for Fiscal Studies published a briefing note about which workers are most exposed to the COVID-19 lockdown. In this blog, Tasos Kitsos looks at the relevant figures for a range of sub-national areas focussing on West Midlands Combined Authority and constituent LEPs and Local Authorities. The sectors directly affected … Continue reading “Identifying Exposure: What Do the IFS Estimates on the Coronavirus Sector Shutdown Mean for the West Midlands?”

Local Resilience and the Coronavirus (COVID-19) Economic Crisis

First things first, stay in as much as possible. Never before such a simple action could have such a big impact. From protecting your loved ones to helping the economy, staying in is currently one of our best weapons. The more we stay in, the quicker we will be out of this challenge. Beyond the … Continue reading “Local Resilience and the Coronavirus (COVID-19) Economic Crisis”

Economic Exposure to COVID-19 (Part III): The Situation in the West Midlands Region – The Sectoral Effects of a Lockdown

Like any good Hollywood blockbuster you can think of, here we finish the trilogy of blogs related to the economic exposure to COVID-19 of the West Midlands’ sectors [1]. If you are still reading this series and you are not overwhelmed yet by the amount of information (and disinformation) related to the pandemic, I hope … Continue reading “Economic Exposure to COVID-19 (Part III): The Situation in the West Midlands Region – The Sectoral Effects of a Lockdown”

Economic Exposure to COVID-19 (Part II): The Situation in the West Midlands Region – Demand for Health Services: The Invisible Indirect Workers

This is the second blog in a series on the economic exposure of the West Midlands region [1] to COVID-19. The first article talked about the effect on the main sectors and the employment depending on foreign trade, in an eventual case of international borders closure. You can read the first blog here. The second … Continue reading “Economic Exposure to COVID-19 (Part II): The Situation in the West Midlands Region – Demand for Health Services: The Invisible Indirect Workers”

Economic Exposure to COVID-19 (Part I): The Situation in the West Midlands Region – Closing the Borders

How can I help? That is the question I’ve been asking myself ever since I knew COVID-19 was approaching the UK. And it finally arrived, as expected, but it caught us unprepared, even though we have been observing speechless what was happening in many other countries around the corner, like Italy (where I have many … Continue reading “Economic Exposure to COVID-19 (Part I): The Situation in the West Midlands Region – Closing the Borders”

West Midlands Economic Monitor: March 2020

March’s edition of the West Midlands Economic Monitor is now available for you to keep up to date with recent developments in the region. This month’s monitor shows: PMI softened in February, but still depicted growth, and the claimant count has increased by over 20,000 people since last year. The global COVID-19 pandemic is beginning … Continue reading “West Midlands Economic Monitor: March 2020”