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South West England in Recession

South West England in Recession. Source: IMF. 12 month sum. Public sector net debt < 40% of national income This is low Company finances were strong Companies were one of the few savers in the economy until recently With some notable exceptions, they were not saddled with debt.

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South West England in Recession

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  1. South West England in Recession

  2. Source: IMF

  3. 12 month sum

  4. Public sector net debt < 40% of national income This is low Company finances were strong Companies were one of the few savers in the economy until recently With some notable exceptions, they were not saddled with debt

  5. A horrible combination Global imbalances, commodity spiral and financial crisis We’ve not had this before Forces for recovery Simulative policy, low oil and commodity prices, weak exchange rate Forces for depression No confidence, rising unemployment, weak exchange rate, rising saving, financial paralysis Why are things so uncertain?

  6. Why are things so uncertain?Multiple plausible outcomes Confidence fails Companies retrench Banks hold back Businesses fail Everyone vindicated But unhappy Confidence returns Companies borrow Banks lend Ventures profitable Everyone happy

  7. The Crisis and the South West- productivity

  8. The Crisis and the South West- unemployment

  9. The crisis and the South West- Latest unemployment trends

  10. JSA Register

  11. Employment rate

  12. Change in Employment, Age & Gender, May to Nov 08Young people and men are being particularly affected

  13. Unfilled Vacancies by occupation

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