London's Economy Today - Issue 79 - March 2009

The overview

• Bank of England begins quantitative easing as the IMF forecasts the first global contraction for 60 years
• Retail Price Index falls to zero per cent
• UK Government introduces toxic loans guarantee scheme

Economic indicators

• London firms decreased their output of goods and services in February 2009
• the PMI for new orders recorded 43.9 in February compared to 41.8 in January
• the DCLG reported a fall in annual house prices in both London and the UK in Q4 2008.

London’s Economy Today data on the Datastore

• London’s Economy Today on the Datastore has more interaction and a greater personal focus.