London macroeconomic scenarios (June 2025 update) June 26th, 2025 by Ali Ögcem GLA Economics published its latest macroeconomic scenarios-based forecast for London on 19th June. 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 2027). Further, we…
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…
Detailed employee jobs report – 2022 (summer 2024 update) July 31st, 2024 by Yiqiao Chen The total number of employee jobs in London rose steeply in 2022 as the capital recovered from the pandemic, adding 297,500 jobs (6%) in the year to reach 5,595,000. That was also well above the pandemic peak of 5,239,000 in 2019 (7%). This blog delves into the detailed data based on the ONS’ Business Register…
COVID-19: London macroeconomic scenarios (December update) December 16th, 2021 by James Watson GLA Economics has recently published its latest macroeconomic scenarios-based forecast for London in the 39th edition of London’s Economic Outlook. We have also updated our macroeconomic scenarios publication with more information on the scenarios and their drivers. These scenarios are part of wider work on the impact of the COVID-19 pandemic on London’s economy, and…
