London's Economy Today - Issue 109 - September 2011

The overview

• crisis deepens in the Eurozone and world growth forecasts downgraded
• the Vickers report proposes ‘ring-fencing’ bank reform
• IMF downgrades global growth forecasts

Economic indicators

• August 2011 saw an increase in new orders for London firms
• the PMI for the level of employment was 50.0 in August 2011 compared to 50.9 in July 2011
• The DCLG reported a fall in annual house price inflation in both London and the UK in Q2 2011

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