{"id":1656,"date":"2020-06-11T08:44:36","date_gmt":"2020-06-11T08:44:36","guid":{"rendered":"https:\/\/midlandsengine.org\/midlands-engine-observatory-publishes-latest-quarterly-economic-commentary\/"},"modified":"2023-05-22T08:58:59","modified_gmt":"2023-05-22T08:58:59","slug":"midlands-engine-observatory-publishes-latest-quarterly-economic-commentary","status":"publish","type":"post","link":"https:\/\/midlandsengine.org\/news-events\/midlands-engine-observatory-publishes-latest-quarterly-economic-commentary\/","title":{"rendered":"Midlands Engine Observatory publishes latest Quarterly Economic Commentary"},"content":{"rendered":"<p>The Midlands Engine Observatory has published the latest edition of its Quarterly Economic Commentary (QEC).<br \/>\n<\/p>\n<p>The QEC analyses significant national statistical releases and what they tell us about the performance of the Midlands economy. Owing to the time-lag in the release of statistics, much of the analysis in the latest QEC relates to our economy before the impact of Covid-19. Nevertheless, the QEC provides a useful baseline of how our economy was performing prior to the economic shock.<\/p>\n<p>The QEC tells a truly positive story about how the Midlands economy was beginning to close the gap across a number of economic performance measures:<\/p>\n<ul>\n<li>growth rate in school readiness in the Midlands was greater than the UK average;<\/li>\n<li>apprenticeship starts in the Midlands grew faster than the UK average;<\/li>\n<li>proportion of people with NVQ level 4 qualifications grew faster than the UK average and, conversely, the proportion of people with no qualifications decreased faster than the UK average;<\/li>\n<li>economic activity rates in the Midlands grew faster than the rest of the UK;<\/li>\n<li>productivity (as measured by GVA per hour worked) grew faster in the Midlands than the rest of the UK;<\/li>\n<\/ul>\n<p>The firm ambition of the Midlands Engine, as we emerge from the depths of the Covid-19 pandemic, will be to help re-establish this trajectory and continue to close the gap with the rest of the UK.<\/p>\n<p>You can read the full QEC here: <a href=\"https:\/\/midlandsengine.org\/wp-content\/uploads\/Midlands-Engine-QEC-May-2020.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download the Quarterly Economic Commentary \u2013 May 2020<\/a>.<\/p>\n<p>For further Observatory research and analysis, including our fortnightly Covid-19 Economic Impact Monitor, please visit: <a href=\"https:\/\/midlandsengine.org\/observatory\/\">www.midlandsengine.org\/observatory<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Midlands Engine Observatory has published the latest edition of its Quarterly Economic Commentary (QEC).<\/p>\n","protected":false},"author":11,"featured_media":1657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[],"acf":[],"yoast_head":"\n<title>MEO publishes latest Quarterly Economic Commentary | Midlands Engine<\/title>\n<meta name=\"description\" content=\"The Midlands Engine Observatory has published the latest edition of its Quarterly Economic Commentary (QEC). 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