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London to outperform UK economy, driven by business services and ‘flat white economy’
Strong economic and employment growth are projected for London, with 246,000 jobs added between 2012 and 2018
London unemployment rate to fall to its lowest level since before the financial crisis by 2018
Business services employment in Central London expected to rise annually by 2.6% on average in years to 2018
The tech and creative sectors of the ‘flat white economy’ expected to add jobs in Central London at rate of 1.8% a year on average between 2013 and 2018
New forecasts from the latest Centre for Economics and Business Research report London, City and Regional Prospects show economic growth in London outperforming the UK as a whole over the years to 2018. The capital’s economy is set to expand in real terms by 1.2% this year, and by an annual average of 1.9% between 2013 and 2018. This compares to average expected growth in the UK as a whole over the same time period of 1.4%.
