Resource Library
West Midlands Economic Impact Monitor
Nov 2024
West Midlands
Working with City Redi, this monitor aims to pull together information across regional partners to understand local economic developments and disseminate local research. Where possible it will utilise all forms of quantitative and qualitative intelligence. However, we urge caution in the use of the contents as this is an emerging data and policy.
This month the International Monetary Fund (IMF) forecasts stable but underwhelming global growth. US upgrades offset downgrades for European economies and emerging markets impacted by conflicts, weather events, and commodity disruptions. The UK’s Invest 2035 plan is under consultation. It focuses on tackling growth barriers and creating high-quality jobs in high-growth sectors, with a modern industrial strategy set to launch in spring 2025.
