The Economic Impact of the Coronavirus Pandemic for Leicester

27 Pages Posted: 9 Jun 2020

See all articles by Edward Cartwright

Edward Cartwright

De Montfort University

Tuan Anh Luong

De Montfort University - Faculty of Business and Law

Jonathan Payne

Leicester Castle Business School

Swati Virmani

De Montfort University

Date Written: June 9, 2020

Abstract

We analyse the likely effect of the coronavirus pandemic on the Leicester economy and make some recommendations for policy making at a local level. The coronavirus pandemic represents an unprecedented shock to the economy and is likely to have profound implications for Leicester. We estimate that only around a third to a half of employment in the city can continue as normal during lockdown conditions. And around a third of employment is in highly vulnerable sectors. There will inevitably be, therefore, a large rise in unemployment in the city, leading to higher levels of poverty. The effect is likely to be particularly pronounced in the young who are disproportionally employed in vulnerable sectors. Our policy recommendations focus on supporting the economy through inclusive growth. At a time of high unemployment, when much of the focus will be on getting people into work, it is perhaps more important than ever to remind ourselves that any job is not necessarily better than no job.

Keywords: Coronavirus, unemployment, Leicester, East Midlands, skills

JEL Classification: J01, R11

Suggested Citation

Cartwright, Edward and Luong, Tuan Anh and Payne, Jonathan and Virmani, Swati, The Economic Impact of the Coronavirus Pandemic for Leicester (June 9, 2020). Available at SSRN: https://ssrn.com/abstract=3622981 or http://dx.doi.org/10.2139/ssrn.3622981

Edward Cartwright (Contact Author)

De Montfort University ( email )

The Gateway
Leicester, LE1 9BH
United Kingdom

Tuan Anh Luong

De Montfort University - Faculty of Business and Law ( email )

United Kingdom

Jonathan Payne

Leicester Castle Business School ( email )

The Gateway
Leicester, LE1 9BH
United Kingdom

Swati Virmani

De Montfort University ( email )

The Gateway
Leicester, LE1 9BH
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
136
Abstract Views
666
rank
252,516
PlumX Metrics