Bulletin

London's economy set to grow at faster rate than New York's by 2030

A report has predicted that the City will help London to power ahead of New York as it grows faster than the Big Apple over the next 15 years. The UK capital will benefit more from growth in the global economy, according to forecasts from Oxford Economics. It says London's economy will grow by an average of 2.9% a year between now and 2030, ahead of New York's 2.6%. 'A global outlook gives an unrivalled opportunity for enjoying growth from wherever it comes,' Oxford Economics head of global cities research Richard Holt said. While New York will see a surge in consumer spending, Holt said London was one of the world's 'most flexible cities' where other sectors grow off the back of successes in banking and finance, of which London it is an international centre of activity.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?