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The GLA’s fifth London forecast predicts that London will see above-trend employment growth in 2004 and 2005, but this growth rate is expected to return to trend in 2006. Gross Value Added growth will remain above trend to 2006 with 2004 expected to be the strongest year. Household spending will peak in 2004 but is expected to remain below Gross Value Added growth in 2005 and 2006.
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LEO-Autumn-2004