Europe | Cities set to boom as recovery gathers pace

Coronavirus and subsequent containment measures have weighed heavily on the economies of Europe’s major cities. However, the improving health situation, gradual lifting of social restrictions, and rises in real-time activity indicators suggest that a recovery is beginning to form.

What you will learn:

• The magnitudes of the falls in GDP were heavily linked to differences in sectoral structure across cities and regions.
• . GDP should rebound strongly from Q2 onwards, with Europe’s major cities set to benefit from a release of pent-up consumer demand.
• Over the longer-term we also maintain our view that GDP growth in Europe’s major cities will continue to outpace, on average, national economies.

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