COVENTRY commerce chiefs believe there is a ‘long way to go’ before the economy is back on track after the nation’s latest GDP figures were revealed.
Coventry and Warwickshire Chamber of Commerce chief executive Corin Crane was speaking after it was revealed GDP rose 0.2 per cent in August.
He said the new figures were a further sign of slow growth and called for a long-term strategy for the economy.
He said: “Of course, any growth is much better than the economy contracting and it is a testament to businesses in this region – and the UK as a whole – that they continue to show resilience in the face of really tough circumstances.
“Our latest survey figures appear to show that there are signs of confidence returning in Coventry and Warwickshire but there is still a long way to go before the economy is back on track.
“There has been so much uncertainty over the past few years and that has weighed heavy on businesses’ ability to grow.
“What we really need now is a long-term strategy for our economy to give businesses the confidence to invest for the future.
“We’ll be delving into the economic outlook, the barriers to growth and the future of Coventry and Warwickshire at our annual conference in November and would urge firms to sign up to be there.”
