The net economic effect of Omicron – a blow to social consumption but a boost to health output from testing and vaccinations – resulted in only a...
London monitor | London’s economic growth to slow in 2022 as recovery matures
Posted by Richard Holt on Feb 7, 2022
There are two factors explaining this. Omicron stifled activity in December 2021 and the opening part of the new year, leading us to downgrade our...
The Levelling Up White Paper contains nothing to cause us to revise our forecasts for the UK’s various nations and regions, let alone the UK as a...
London monitor | The London economy was growing strongly when Omicron hit
Posted by Richard Holt on Jan 7, 2022
The latest data point to a strong recovery underway in London in Q4 2021. But this pace of expansion will have been hit by the Omicron Covid-19...
London Monitor | London continues to recover. But the path just got a bit rockier.
Posted by Richard Holt on Dec 7, 2021
We have lowered our Greater London GDP forecast to 5.4% in 2022 after 5.7% in 2021. Inner London sees 5.5% growth in both years. This reflects the...
London Monitor | Growth held back by national factors and low visitor numbers
Posted by Richard Holt on Nov 5, 2021
The easy gains from re opening the London economy have now mostly been realised, and the visitor economy is still weak. Meanwhile, mounting pressures...
London Monitor | London’s employment set to rise this year
Posted by Richard Holt on Oct 5, 2021
Continued strength in the latest labour market data has led us to strengthen our London employment forecast. We now expect workplace based employment...
London Monitor | The July ‘ pingdemic ’ did not derail London economic expansion
Posted by Richard Holt on Sep 6, 2021
Although the ‘ pingdemic ’ in July raised concerns about the UK economic recovery, the evidence is that activity has continued to expand, even if the...
London Monitor | London to grow by 7.1% as most remaining restrictions are eased
Posted by Richard Holt on Aug 9, 2021
Rising coronavirus cases have resulted in London moving further from normality throughout June and into July. London’s normality score in mid-July...
London Monitor | The economy is moving forward despite a rise in Covid cases
Posted by Richard Holt on Jul 7, 2021
There has been a rise in Covid 19 cases , exacerbated by the more transmissible Delta variant. As a result, the Oxford Economics Normality Tracker...