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