London Monitor: The expansion continued in early 2022, but with some concerns
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.
What you will learn:
- London experienced strong growth in business activity in February as firms took on new business after the Omicron Covid wave had faded.
- We forecast that GVA in London will grow by 3.9% in 2022, followed by more subdued growth of 2.2% in 2023.
- A pivot away from financial services and towards life sciences would make fundamental sense for the capital. It is too early for us to build that into our forecasts, but it is certainly something for us to watch.
Related Posts
Post
True Cost of Compliance – 2023 Report
This 2023 report updates our 2020 research on the detection and prevention of financial crime, and it's cost to the UK financial services sector. We surveyed 300 senior compliance executives about their costs and compliance activities, and used these results to estimate the costs across the UK Financial Services sector.
Find Out More
Post
Hotel carbon efficiency improved 27% from 2014-2019
Travel & Tourism accounted for 8% of global greenhouse gas emissions in 2019. Within Travel & Tourism, the lodging industry represents 6% of the total carbon footprint of global tourism.
Find Out More