A year of rebuilding and economic recovery headline extended please

Peck, Frank ORCID logo ORCID: https://orcid.org/0000-0003-1976-154X (2022) A year of rebuilding and economic recovery headline extended please. In Cumbria Magazine, 2022 (Jan). pp. 12-13.

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Professor Frank Peck argues that despite many challenges, Cumbria has unique assets upon which to build in 2022.

In January 2021, economic forecasts for the year ahead varied considerably. Pessimists predicted further economic decline, while optimists suggested growth could be as high as 6%. We now know that the optimists got it right, as the latest forecasts for 2021 suggest growth of around 7%. Looking ahead to 2022, forecasts are much less wide-ranging (between 3.5% to 8%) and averaging 5%. Most analysts point out, however, that the recovery will be faltering (see, for instance, National Institute for Economic and Social Research, UK Economic Outlook, Autumn 2021).

Item Type: Article
Journal / Publication Title: In Cumbria Magazine
Publisher: CN Group
Departments: Centre for Regional Economic Development (CRED)
Additional Information: Professor Frank Peck is research director of the Centre for Regional Economic Development (CRED) at the University of Cumbria’s Institute of Business, Industry & Leadership.
Depositing User: Anna Lupton
Date Deposited: 20 Sep 2023 11:37
Last Modified: 13 Jan 2024 13:01
URI: https://insight.cumbria.ac.uk/id/eprint/7313


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