London ranked as world’s six largest city economy
New PwC survey predicts capital will rise to fourth biggest by 2020
New PwC survey predicts capital will rise to fourth biggest by 2020
Despite facing challenges from fast-growing cities in emerging markets,
London’s status as one of the
top city economies of the world looks set to continue and improve, according to
new research published in the latest
UK
Economic Outlook by PricewaterhouseCoopers.
PwC found that London was the sixth largest city economy in the world by
estimated GDP at purchasing power parities in 2005, but should rise to fourth
place by 2020, overtaking Paris and Chicago.
Tokyo, New York and Los Angeles are expected to be ahead of London in 2020,
but London’s economy is projected to grow faster than any of these cities,
driven in particular by strong growth in business and financial services.
At present, the mega-cities of the major developed economies continue to lead
the global
GDP rankings, with the top six in 2005 being Tokyo, New York, Los Angeles,
Chicago, Paris and London.
Further reading:
Treasury to promote London as Islamic finance centre
London a top destination for IPOs
City boss says London ‘must stay competitive’
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View articleThe FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View article