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The GLA's medium-term planning projections for London suggests that GVA will grow at 2.7 per cent in 2006 and will also have a growth rate around that level in both 2007 and 2008. Employment growth is expected to be 0.8 per cent in 2006 and 2007 before picking up in 2008. London household income is expected to grow slower than GVA and household spending throughout 2006 to 2008.
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londons_economic_outlook_spring_2006.pdf