London Monitor | London to grow by 7.1% as most remaining restrictions are eased

Rising coronavirus cases have resulted in London moving further from normality throughout June and into July. London’s normality score in mid-July was at its lowest level since February 2021, reversing the improvements made throughout the latest lockdown.
Business activity and confidence in London continued to improve in June, according to the latest survey evidence, supporting our view of a strong rebound in growth in London in Q2 2021.

What you will learn:

• Our forecast for GVA in London is little changed at 7.1% this year
• Rising coronavirus cases have resulted in London moving further from normality throughout June and into July
• Business activity and confidence in London continued to improve in June, according to the latest survey evidence, supporting our view of a strong rebound in growth in London in Q2 2021