The Northwest Economy - A Joint Response to Changing Economic Circumstances

The global economy is facing significant challenges, driven by the impact of tighter credit conditions and increases in the costs of inputs and commodities, in particular, energy. This will affect regions in different ways, as each regional economy is different. After a solid period of sustained growth, the Northwest will now need to prepare itself for tougher business conditions and a more challenging global market.

Whilst conditions may be harder over the coming months, there is no doubt that the Northwest has important strengths that can help it through this difficult period.

This document sets out how the NWDA, working with other local agencies, together with national Government, will ensure that the region’s economy performs well in the coming months and years.