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Principale » East of England 'among fastest growing regions' - EY

East of England 'among fastest growing regions' - EY

12 Décembre 2017

"The UK has to view geographic rebalancing as a key component to the process of transforming the economy".

London and the South East will continue to outperform all other United Kingdom regions through to 2020 with GVA growth per year of 2.2% and 2.0% respectively.

While Manchester is set to boost the North as the UK's strongest performing city, the North East will eke out the weakest growth at 1.2% per year and see employment fall by 0.1% over the period.

London is also expected to enjoy the fastest increase in regional employment up to 2020, growing at an average of 0.8% per year.

The report measures economic growth through gross value added (GVA), which tracks the value of goods and services in a given area.

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The East of England is expected to have one of the fastest growing econmies in the United Kingdom, according to a new report by EY.

However the survey found that that no progress has been made in rebalancing the United Kingdom economy geographically over the last three years and the economic divide between the North and South of the United Kingdom will continue to expand over the next three.

According to EY's UK Regional Economic Forecast, there has been little progress on geographical rebalancing of the UK's economy in the last three years and the economic divide between the North and South of the UK will continue to expand (albeit at a slower rate than previously) leading up to 2020.

Debbie O'Hanlon, EY national markets leader, said: "The strong GVA performance - both historic and projected - for Manchester reflects the substantial investments made over more than a decade in revitalising the city centre and the surrounding business infrastructure".

East of England 'among fastest growing regions' - EY