Unemployment continued to fall in London (which now has the second lowest rate out of our cities in Q4 2021).

In the same quarter, London’s economy is estimated to have grown by just over 1%.

With respect to economic output, over the last two quarters of 2021, the London economy appears to be performing well against its competitors – especially Hong Kong which experienced a major reduction in output of more than 8% (Q4 2021).

We hope that this report provides meaningful insight into how London is faring, and that policy makers and business can use it to make better decisions on many of the issues that affect London’s ability to prosper over the short, medium and longer term.Īuthors: Nicolas Bosetti, Emma Maia Smith, Jon Tabbush, Daniel Urquijo (all Centre for London) and Alexander Jan (London Property Alliance)īelow we highlight a small selection of some of the indicators included in the survey. The London Property Alliance considers that London can only play its full role in national recovery when it is competing effectively internationally.

The capital city acts as a gateway to much of the rest of the UK for business, visitors and investment. The city is compared to New York, Paris, Berlin and Hong Kong.Īs the UK’s leading world city, London’s fight for talent, private sector investment and visitors is global.

Using a range of indicators, our analysis aims to promote a better understanding of London’s economic performance on the world stage as it emerges from the Covid-19 pandemic. This is the second quarterly Global Cities Survey launched by the London Property Alliance (LPA) with research undertaken by Centre for London.

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