Research Briefing | Jun 22, 2021

Global | Mid-2021: the evolving outlook for cities around the world

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We will publish our latest city forecasts at the end of June, showing that for the world’s major cities, 2020’s GDP declines will be mostly reversed by 2022. There will be a one-off permanent loss of output, but not a change of direction.
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  • Many Asia Pacific cities saw recovery well underway in 2020. We have already revised up our estimates for GDP in both 2020 and 2021.
  • Among individual major cities, Paris has tended to move broadly in line with Europe as a whole, whereas London and the UK have followed their own path.
  • But the dramatic revision has been to prospects for US cities, thanks to the election of President Biden.
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