Tuesday, Apr 21, 2009
Boris' people paint a fairly grim economic outlook
GLA: London’s Economic Outlook: Spring 2009
GLA Economics’ fourteenth London forecasti suggests that:
• London’s Gross Value Added (GVA) growth rate should fall to –2.7 per cent in
2009. Growth should remain negative in 2010 before rising to 1.7 per cent in
2011.
• London is likely to see contractions in employment in 2009, 2010 and 2011.
• London household spending will probably fall in 2009 and 2010 before growing
slowly in 2011. London household income will probably fall in 2009 before
growing slowly in 2010 and 2011.
Posted by 51ck-6-51x @ 04:40 PM (272 views) Add Comment
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