UK towns hardest hit by COVID-19 likely to recover fastest, report finds

LocalGov.co.uk reports that the areas worst hit by the pandemic are likely to make the fastest economic recovery, according to new analysis

‘The Good Growth for Cities’ report shows that towns and cities such as Bradford, Liverpool and Southend have seen their economies decrease by more than 12.5 per cent in 2020.

However, these areas are also predicted to recover faster than others in 2021, with projected GVA growth rates of 5.3 per cent and higher.

However, the report warns these places will also be left with smaller economies in 2021 than they were in 2019.

The researchers call for a doubling-down on efforts to address the individual socio-economic challenges facing regional areas to level-up inequalities in the country.

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LocalGov.co.uk - UK cities and towns hardest hit by COVID-19 likely to recover fastest, report finds