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
Back to Resource Hub

Related Services

Global trade and sectorial implications of US-imposed tariffs

Post

Tariff Sector Vulnerability Index

Electronics, electricals, motor vehicles, pharmaceuticals and machinery are most exposed globally to US-imposed tariffs.

Find Out More

Post

Silver lining for China’s residential real estate sector

Residential real estate commencements (floor area) are expected to pick up over 2025. However, activity will remain at structurally lower levels, with Chinese authorities expected to maintain their goal to clamp down on speculative demand.

Find Out More