POST-Covid recovery will be slower in this region than elsewhere in the country, according to a new report.
The grim prediction for Yorkshire and the Humber is contained in the latest regional economic forecast produced by Ernst & Young (EY).
It says the region’s large manufacturing sector was badly affected by the first national lockdown. Employment is expected to decline by 0.45 per cent a year in the period until 2023.
On a more positive note, the report also forecasts which will be the most dynamic sectors – human health & social work and information & communication.
Suzanne Robinson, for EY in Yorkshire and the Humber, said: “Manufacturing, arts and leisure, and hospitality – crucial parts of the economies in the north – have been most affected during the pandemic or are likely to take longer to recover. The figures highlight the importance of ensuring this region continues to develop a balanced and mixed economy.”
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