Research Briefing
| Mar 11, 2022
London Monitor: We have trimmed our growth forecast for London in 2022
The recent economic indicators have been giving somewhat mixed messages about London’s economy. Taken as a whole they point to continuing growth in early 2022, but with external challenges pressing in.
Research Briefing
| Mar 11, 2022
London Monitor: We have trimmed our growth forecast for London in 2022
The recent economic indicators have been giving somewhat mixed messages about London’s economy. Taken as a whole they point to continuing growth in early 2022, but with external challenges pressing in.
Although Boston’s leading industries—education and life sciences—have seen strong growth since the start of the pandemic, its economy is still weighed down by heavy losses in restaurants, retail, and hospitality. Boston’s net job decline of 2.6% from the pre-pandemic peak ranked in the bottom 15 of the 50 largest metros. It is expected to recover its lost jobs in Q4 this year.
Industrial performance across Europe has varied widely in the wake of the pandemic. The main laggards, Germany and France, have shaped the overall narrative due to their size, although industrial sectors have thrived in smaller economies on Europe’s East, North-West and South.
The main impact on the UK economy of Russia’s invasion of Ukraine is likely to be energy prices staying higher for longer. The UK’s energy price cap means the pain for consumers will be delayed until October.
Russia’s invasion of Ukraine means that the economic impact of the conflict on Europe will be larger than we previously assumed. Our new baseline sees
Due to events over the past 24 hours, with Russia now intent on installing a “friendly” government in Ukraine, we have moved our global baseline in line with our scenario for a full-scale invasion.
On Monday 21 February, separatist leaders of the so-called Donetsk and Luhansk People’s Republics (LNR and DNR) called on Russia’s President Vladimir Putin to recognise their independence, following an escalation in tensions in eastern Ukraine.