London's Economic Outlook: Autumn 2006

The GLA's medium-term planning projections for London suggests that London’s Gross Value Added (GVA) should grow at 3.1 per cent in 2006 and at 3.0 per cent in 2007 and 2008. London is likely to see above trend growth in employment throughout the period 2006 to 2008. London household spending will probably grow more slowly than GVA throughout the forecast period. Household spending is also forecast to grow more slowly than household income in 2007 and 2008.