The London economy was growing strongly when Omicron hit
The latest data point to a strong recovery underway in London in Q4 2021. But this pace of expansion will have been hit by the Omicron Covid-19 variant, even if only temporarily.
What you will learn:
- The government implemented some limited restrictions, some activity will have been restrained as people reduced close-contact activities, and many employers have suffered from staff shortages due to isolations.
- As fuller evidence emerges we will consider the implications for our forecasts, which currently show a 2022 GVA rise of 5.0% for Greater London, following 5.6% in 2021.
- Workplace based jobs are forecast to grow by 2.1% this year.
Tags:
Related Services
Post
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out More
Post
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More