Study says West Midlands bearing brunt of recession and will take longest to recover

Sep 15, 2009

New research by the University of Warwick Institute for Employment Research shows that says West  Midlands is bearing brunt of recession in the UK and is the region that will take longest to recover.

Recently released official statistics reveal that it is the West Midlands, more than any other region, which is bearing the brunt of the recession. In part, this stems from the region’s dependence upon industries which are particularly vulnerable to the economic downturn; not least the automotive industry and its chain of suppliers.

The latest assessment conducted by the University of Warwick’s Institute for Research in conjunction with Cambridge Econometrics suggests a relatively pessimistic outlook for the West Midlands economy over the medium-term. The current impact of the recession in the region is plain to see, but what about the future. How quickly will the region recover lost ground? The answer to this question is somewhat pessimistic.

The Warwick Institute for Employment Research is keeping a watching brief on the development of the recession and its long-term implications for the University’s host region: the West Midlands. For more information see: www2.warwick.ac.uk/fac/soc/ier/recession/

Though employment levels are not expected to fall as much as in previous recessions, there will be a relatively slow pick up in employment to the year 2020, such that even by then pre-recession levels of employment will not have been recovered. Unemployment is also expected to stay at relatively high levels over the medium-term.

The problems which beset the West Midlands labour market are not solely the result of the current but they have been exacerbated by it. The projections of future employment suggest challenging times ahead for the region’s economic partners.

Provided by University of Warwick (news : web)

Explore further: Economist outlines work on managing tasks and time

add to favorites email to friend print save as pdf

Related Stories

Employment gap widens for disabled people

Oct 07, 2005

Cornell University has released a study indicating the employment gap between Americans with disabilities and those without disabilities has widened.

Recommended for you

Economist outlines work on managing tasks and time

Dec 17, 2014

"When a man knows he is to be hanged in a fortnight," said Samuel Johnson, "it concentrates his mind wonderfully." Most of us, spared such an imperative, carry on in a less-concentrated state, but it holds ...

Companies do not use online HRM effectively

Dec 15, 2014

Professor Tanya Bondarouk of the University of Twente thinks it's embarrassing : many companies and organizations are still not making effective use of e-HRM systems. These online systems can be used for a wide range of HRM-related ...

Happy-go-lucky CEOs score better returns

Dec 11, 2014

A CEO's natural sunny disposition can have an impact on the way the market reacts to announcements of company earnings, according to research from the University of British Columbia's Sauder School of Business.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.