Economic statistics

The evidence on the economy indicates that the sub region generally has a strong economy but is underperforming in terms of GVA and has low local wages, particularly around its coastal fringe. However, based upon its key economic assets, it has significant potential for further growth subject to investment in infrastructure.

At a headline level, the most often quoted source of economic data, particularly in terms of past performance and the expected future growth of the economy, is the East of England Forecasting Model. This looks largely at national trends and is revised periodically. Using the 2013 model run produces the following: