Research Briefing | Aug 4, 2021

UK | A strong recovery across all regions, but worries remain

A strong recovery across all UK regions, but worries remain

The region with the strongest forecast GVA rise in 2021 is the East Midlands, with an 8.2% increase, closely followed by the West Midlands, North East and Northern Ireland. The South East and South West share the bottom spot with 6.9% growth, with London doing little better at 7.1%.

What you will learn from this report:

  • London sees the largest increase in GVA over the period 2020-25
  • The West Midlands has the smallest increase, having suffered very badly in 2020
  • Differences in sector concentrations explain most of the variations in regional GVA declines in 2020 and are important going forward
  • London’s key sectors performed better than nationally in 2020, helping the capital. Professional services were an exception
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