This dashboard compares projections for the Essex economy prepared prior to the COVID-19 pandemic (in early 2020), with a second set prepared in early 2021. Both sets were prepared for Essex County Council by Cambridge Econometrics. A link to the assumptions underlying these projections can be found below.
The projections show, for key economic aggregates – output (measured as Gross Value Added or GVA), employment and productivity – the impact that the events of the past year have had. Crucially, the dashboard allows users to interrogate the data by area and by sector of the economy – identifying how future trajectories may have changed.
We hope this will be a useful tool for local stakeholders in assessing the combined impacts of COVID-19, and in informing any policy response.
The dashboard also contains projections on a ‘green growth’ scenario. This allows users to consider and compare potential trajectories that could result were the UK to pursue a ‘green growth’ approach to economic recovery. Again, a link to the assumptions underlying these ‘green’ projections can be found below.