London's Economic Outlook: Autumn 2003

The GLA’s third forecast predicts that London’s economy is on course for recovery. Jobs have grown faster than expected and are set to reach a 30-year high – 4.56 million - by the end of the year. Consumer spending, which propelled the UK and London economies through the recent downturn, is expected to slow in 2004, but capital spending should take up some of the slack. The forecast includes an assessment of the world and UK economic outlook and a look at the possible outcomes of the Central Government’s Spending Review 2004