Research Briefing | Jul 7, 2021

London Monitor | The economy is moving forward despite a rise in Covid cases

London Monitor | The economy is moving forward despite a rise in Covid cases

There has been a rise in Covid 19 cases , exacerbated by the more transmissible Delta variant. As a result, the Oxford Economics Normality Tracker shows London’s return to normality slowed in May and the start of June. London now lags other major European cities.

What you will learn:

  • The latest evidence from the Oxford Economics Normality Tracker shows that London continued on an uneven path towards normality throughout May and into the first week of June, as rising cases
    slowed recovery
  • Survey evidence suggests that business activity in London improved further in May, and that there was a sharp rise in business optimism. This is likely to have continued
  • There were fewer planning approvals in London in the opening quarter of 2021 than in Q4 2020, with the slowdown mainly
    occurring in Inner London
Back to Resource Hub

Related Services

Post

Local rates and FX: Asian local currency sovereigns – not long now

The pieces are almost in place for a high conviction OW on Asian local currency debt, but not quite. Indeed, we maintain a cautious view on all EM local currency sovereign bonds, including Asia, given the relentless concern over the dollar and domestic inflationary pressures.

Find Out More

Post

Pre-emptive debt restructuring: a viable scenario for Africa?

The question of debt restructuring is becoming a more pressing one: in recent weeks, a number of African sovereigns have openly or discreetly mulled public debt reorganisation, called for debt relief, or suffered credit rating downgrades owing to rising default odds.

Find Out More