Research Briefing | Oct 27, 2021

US tech cities compete with Chinese rivals for top spot

Ipad Frame - US-tech-cities-compete-with-Chinese-rivals-for-top-spot

We forecast that over the period 2020-22 Shenzhen will be the fastest growing of the world’s major cities, not only in terms of GDP growth, but also with respect to office-based employment. Shenzhen is of course primarily a tech city, and in the US it is also the tech cities of Seattle, San Francisco and especially San Jose which stand out. Within Europe, London is the strongest performer in 2022, but over the full period 2020-22 it is Warsaw that leads.

What you will learn:

  • Over the period 2020-22 Shenzhen is the fastest growing of the world’s major cities in terms of GDP and office-based employment.
  • In the US the tech cities of Seattle, San Francisco and especially San Jose stand out.
  • Within Europe, London is the strongest performer in 2022, but over the full period 2020-22 Warsaw leads.

Back to Resource Hub

Related Services

US bill next to calculator which says recession

Post

US-China relations improve, yet industrial recession remains likely

For the first time this year, our global industrial production outlook for 2025 has been upgraded. However, we still anticipate an industrial recession in Q2 and Q3.

Find Out More
Industry is performing worse than the broader economy globally

Post

Positive tariff news does little to dispel overall uncertainty

We've nudged up our world GDP growth forecasts for 2025 and 2026 by 0.1ppt to 2.4%, in part to reflect the temporary but substantial reduction in tariffs between the US and China.

Find Out More