All about the economy in Business News Wales

Victoria Winckler considers what can be done to boost the Welsh economy

The Bevan Foundation contributes a monthly column to Wales’ leading, independent business news website, Business News Wales. The website has more than 250,000 monthly visitors across all sectors of the Welsh economy, enabling the Bevan Foundation to reach deep into the business community.

This month, our Director, Victoria Winckler looks at the recent forecasts for the Welsh economy as set out by a team of economists from NIESR and Cardiff Business School. The outlook is challenging with all nations and regions of the UK likely to experience sluggish growth. The prospects for Wales’ labour market are particularly tough with above average rates of unemployment expected.

So, what needs to be done? Victoria discusses the recommendations proposed by the NIESR team, including:

• Improving the standard of living of low-income households.
• Investment by public bodies as well as businesses.
• The development of good, green and globally tradable economic activities.

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