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
Big challenges remain for CRE development viability in the UK
Financial pressures from surging material costs and supply chain disruption are easing in the UK, but we remain downbeat on the viability of UK commercial real estate development.
Find Out More
Post
Funding the Future: The UK’s energy transition in a global context
This report commissioned by Energy UK investigates what governments around the world have done to attract investment in clean technologies and what this means for the UK as it considers its next steps in the energy transition.
Find Out More