Cities face global challenges, but many outperform
2022 is proving to be a very disappointing year for global GDP growth, with risks that the outlook could worsen. But many cities are out-performing their national economies. Some are seeing strong rebounds in tourism and hospitality; a few are helped, not hurt, by higher global commodity prices, whereas others face manufacturing challenges. For Chinese cities the pandemic is still a big problem, but fortunately inflation is not the issue that it is elsewhere.
What you will learn:
- Examples of US metros forecast to outperform the national economy in 2022 include New York and Los Angeles, but it is the tech metros that stand-out, along with cities that are benefiting from strong growth in domestic tourism.
- In Asia Pacific some cities such as Singapore are experiencing consumer recoveries in 2022, while others such as Hong Kong must wait until 2023.
- In Europe structural factors explain most differences in medium term prospects, with central and eastern European cities gaining from low costs and significant scope for productivity catch-up.
Global Cities Service
Make decisions about market and investment strategies with historical data and forecasts for 900 of the world’s most important cities.Find Out More
City Scenarios Service
Assess the impact of risk scenarios on cities and regions Our service provides a baseline forecast and three alternative scenarios for a broad range of economic and demographic indicators for each location.Find Out More