London’s Economic Outlook: Spring 2013

The GLA’s medium-term planning projections GLA Economics’ twenty second London forecast suggests that:

• London’s Gross Value Added (GVA) growth rate should be 1.9 per cent in 2013. Growth should increase to 2.4 per cent in 2014 and 2.5 per cent in 2015.
• London is likely to see a moderate rise in employment in 2013, 2014 and 2015.
• London household income and spending will both probably increase slowly over the forecast period.