The West Midlands’ economy is less productive than the national average, and the gap is growing, according to new research released by the West Midlands Regional Observatory.
In the 2009 ‘State of the Region’ report, the Observatory has revealed that compared to the UK average, the economic output gap of the West Midlands – caused by the region’s lower economic output per head of population – has risen from a figure of £10 billion in 2005 to a current estimate of £15 billion.
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Filed under: Economy & Labour Force, Press release, Research, State of the Region, West Midlands, West Midlands Regional Observatory | Tagged: economy, evidence, output gap, policy, recession, State of the Region, West Midlands | 1 Comment »