London's Economy Today - Issue 92 - April 2010

The overview

• sluggish UK growth and higher inflation while Greece needs sovereign debt bailout
• UK inflation jumps further above target
• Greece formally asks for EU and IMF bailout

Economic indicators

• London firms increased their output of goods and services in March 2010
• the PMI for new orders recorded 57.7 in March compared to 59.6 in February
• annual house price inflation in London was 15.7% in Q1 2010, up from 7.0% in Q4 2009

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