A fair, just and long-lasting recovery for all: Forecasting and nowcasting in West Yorkshire
An increasing concern of national and regional policymaking in response to the COVID-19 pandemic is provision of timely data on real-time economic performance and underlying activities throughout different parts of the nation and regions to give a complete signal about a fair, just, and long-lasting recovery plan for all. This briefing note outlines the economic recovery plan of the West Yorkshire region as a direct response to a request by West Yorkshire Combined Authority. The economic recovery plan has naturally evolved from a necessary immediate response to the COVID-19 pandemic to a broader re-imaging of developing a sustainable, fair and inclusive economy. This evolution brings with it a necessity to reconceptualise the aims and approaches of economic forecasting in West Yorkshire and the measurement of success.