Press releases

North West growth to slow in 2019 as uncertainty bites, but could pick up in 2020 with an orderly Brexit

UK GDP growth could dip to 1.1% in 2019 before picking up to around 1.6% in 2020 according to PwC’s latest UK Economic Outlook report. The drag on business investment due to ongoing uncertainty about the outcome of Brexit is causing slower growth at present, but assuming an orderly exit from the EU in mid-2019 followed by a transition period, investment and GDP growth should pick up later in 2019 and in 2020. The report projects GDP growth across the North West of around 1% in 2019 below UK average, revised down slightly from 1.4% projected in last years’ report, with 2020 predicted to return to similar levels of growth at 1.6%, in line with the UK average predictions.

North West outpaced by other UK regions improving female economic empowerment

The North West is falling behind other regions as the UK continues to make gradual progress in in the representation and welfare of women in the world of work, according to PwC’s latest Women in Work Index. While the UK has improved across all five indicators of female economic empowerment to reach 13th place this year, climbing by one place from 14th last year and has risen from 17th position in 2000, progress has not been evenly spread across the regions.

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