PwC predicts positive economic growth for the region
ECONOMIC growth in the region is expected to stay positive in 2013 and slightly ahead of other parts of the UK, according to a firm of Castle Donington accountants and business advisers.
PwC’s latest UK Economic Outlook predicts that GDP (gross domestic product) in the East Midlands will be 0.9%.
The firm said growth in the region is expected to stay roughly on a par with the national average of 1%, rising to 2% in 2014.
Mark Shires, senior partner at PwC, said: “GDP growth of 0.9% this year is positive for the East Midlands economy and businesses should be encouraged to capitalise on the expected upturn in consumer spending and opportunities created by local infrastructure investment.
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“By staying confident, businesses in the region have a real opportunity to drive any economic recovery.
“Further capital spending on infrastructure investment could aid recovery further and it is hoped that the Chancellor might announce more on this in his Budget on March 20.”