London’s Economic Outlook: Autumn 2012

The GLA’s medium-term planning projectionsGLA Economics’ twenty-first London forecast suggests that:

• London’s Gross Value Added (GVA) growth rate should be 0.9 per cent in 2012. Growth should increase to 1.8 per cent in 2013 and 2.4 per cent in 2014.
• London is likely to see a rise in employment in 2012, 2013 and 2014.
• London household income and spending will both probably increase slowly over the forecast period.