With a second lockdown implemented across England for the month of November, we have revised our estimate for London’s GVA downwards, to show a fall of 10.4% in 2020. We think that Inner London has held up slightly better than Outer London , thanks to most office workers being able to work from home.
The analysis and forecasts in this report are part of the Oxford Economics Cities and Regions suite of forecasting services, which now covers 7,000 cities and regions across the world, providing regularly updated data, forecasts and analysis for each location. Forecasts are produced in conjunction with the Oxford Economics Global Economic Model (GEM). This ensures that developments in the global economy have a direct influence on the outlook for city and regional economies.
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