The region's hospitality, retail and leisure sectors have been among the big business losers in the coronavirus crisis says EY
- Credit: The Forge Kitchen
Some parts of the East of England’s economy have performed well during the economic crisis unleashed by the coronavirus crisis, financial experts say.
But the success of sectors such as healthcare, life sciences and technology do not outweigh the damage caused to key regional industries such as hospitality, retail and leisure warns accountancy giant EY (Ernst & Young).
The UK economy could avoid a double-dip recession after a “resilient” performance in November, according to an upbeat EY ITEM Club’s Winter Forecast, published on January 28. Despite tighter Covid-19 restrictions, figures suggest that GDP didn’t contract in the last quarter of 2020, it said.