Global | Inequality rises as cities set out on an uneven path to recovery

Whilst the recovery of cities under second lockdowns has been paused, cities in some parts of the world are already well on the road to economic recovery. We estimate that one in five of the world’s 900 top cities (175 in all) will see GDP rise in 2020, mainly those in China. 

In this 7 page document you will also learn:

  • The top 100 cities, globally, by GDP in 2035: Coronavirus has not significantly altered our long-term expectations for city rankings: Half of the top 100 cities by GDP will be in Asia by 2035.
  • Recent data leads to a further downgrade, despite vaccine optimism: The economic impact of the coronavirus pandemic is becoming clearer. Since our interim update of Global Cities in June, many countries have reported GDP declines of 5-10% q/q in Q2
  • City disparities have been exacerbated in 2020: Whilst the recovery of cities under second lockdowns has been paused, cities in some parts of the world are already well on the road to economic recovery.

Topics: Real Estate, Global Cities

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