London macroeconomic scenarios (December 2024 update) December 19th, 2024 by Sixia Zhang GLA Economics published its latest macroeconomic scenarios-based forecast for London on 17th December. The two main outcome variables are real Gross Value Added (GVA) – a measure of London’s output – and workforce jobs (WFJ) – a measure of employment. We project both variables over the medium term (to the end of 2026). Further, we…
London’s Economy Today editorial – December 2024 December 19th, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, and Sixia Zhang UK GDP falls unexpectedly in October The Office for National Statistics (ONS) published data for UK GDP growth in October. This data showed that UK output unexpectedly shrank in October with GDP dropping by 0.1% compared to a month earlier (Figure 1). Figure 1: Contributions to monthly UK GD) growth, October 2023 to October 2024…
