MANCHESTER is set to outpace UK economic growth until 2027, a new report has predicted.
EY's latest Regional Economic Forecast shows Manchester is set to see average annual growth in Gross Value Added (GVA) of 2.2 per cent between 2024 and 2027 - comfortably above the national average of 1.9pc. The city is also expected to have the second-fastest employment growth of all UK towns and cities over the period.
But the North West as a whole is predicted to see slower than average growth. The region's GVA growth is forecast to average 1.7pc from 2024 to 2027, with average employment growth of 1pc, just below the national average of 1.1pc.
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