Cornwall's tourism industry could benefit from a weaker pound
|
Cornwall's economy will be hit hard by the recession this year, according to the organisation which monitors economic trends in the region.
The South West Observatory Intelligence Network said areas such as housing, construction and employment could be badly affected.
Cornish house prices fell by about 12% last year - above the national average.
Unemployment for Cornwall stood at 2.5% - slightly below the average, but the network fears the figures could climb.
It said if projections continued at the same rate, an extra 58,000 people could be out of work in the whole of the South West.
However, observatory chairman Martin Boddy said Cornwall was by no means the worst-hit area.
With tourism one of the county's key industries, the weakness of sterling could encourage more visitors and boost the economy, he said.
|
BBC NEWS CHANNEL
E-mail this to a friend
Printable version
BBC News
Bookmark with:
What are these?