Research Briefing | Dec 7, 2021

London Monitor | London continues to recover. But the path just got a bit rockier.

London Monitor | London continues to recover. But the path just got a bit rockier.

We have lowered our Greater London GDP forecast to 5.4% in 2022 after 5.7% in 2021. Inner London sees 5.5% growth in both years. This reflects the fact that while the capital’s economy does continue to expand, the evidence is somewhat mixed, and there are also some external reasons for caution.

What you will learn:

  • For business trends, the latest data relate to October. The IHS Markit PMI survey looked strong overall, but within that, output expectations eased a little, reflecting a decline in work outstanding. 
  • In the financial sector , business lending and consumer credit both grew in October, but the number of trades on the London Stock Exchange declined, and so did trade values.
  • Meanwhile, hotel occupancy and airport passenger numbers rose in London, in September and October respectively.
Back to Resource Hub

Related Services

Post

What AI means for economies, businesses, jobs & cities

Artificial Intelligence has the potential to fix the world's productivity problems, just as previous general purpose technologies such as steam power, electricity, and computers have, in our view.

Find Out More

Post

Australia: Flight to quality occurring but secondary markets may not be doomed

We believe the most significant policy measures to come through in the budget for residential building are the announced tax tweaks for build-to-rent (BTR) development.

Find Out More