Tuesday, April 21, 2009

Boris’ people paint a fairly grim economic outlook

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 (721 views)
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