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
Tags:
Related Services
Post
High debt costs suggest European office price correction
Our analysis suggests a 10% correction is needed on average for the major office markets in Europe to compensate for the higher cost of debt, with prime yields required to soften by 10bps-75bps to generate a low-risk interest coverage ratio at a reasonable LTV.
Find Out More
Post
Why an ageing population doesn’t mean soaring inflation
What’s the future for inflation? Joachim Nagel, the new president of Germany's central bank, believes the rapidly ageing global population will play a key role – ramping up pressure on prices in the medium term. While we agree slowing labour supply will stifle output growth, in his recent discussion Nagel failed to fully consider the demand side of the argument.
Find Out More