Gdp london 2011

This is not the latest release. View latest release. Contact: Email Bethan West. Release date: 30 October Next release: To be announced. Print this Statistical bulletin. Download as PDF. Gross domestic product GDP in London grew by 1. Compared with the same quarter of the previous year, GDP grew by 4.

Agriculture B - E. Production F. Construction G - T. Industry names A. Agriculture B. Mining and quarrying C. Manufacturing D. Electricity, gas, steam and air conditioning supply E. Water supply; sewerage, waste management and remediation activities F.

Construction G. Wholesale and retail trade; repair of motor vehicles and motorcycles H. Transportation and storage I.

Accommodation and food service activities J. Information and communication K. Financial and insurance activities L. Real estate activities M. Professional, scientific and technical activities N. Administrative and support service activities O.

The much-heralded October eurozone victory suffers a setback. The Merkozy eyebrow arches as Greek prime minister George Papandreou proposes a referendum on the deal. The plebiscite is subsequently crushed, as is Papandreou, who quits. He's not alone. In the UK there is some good news, as figures show GDP was stronger than expected in the third quarter , growing by 0. But there's bad news too: in his autumn statement, Osborne concedes the UK will barely grow next year.

UK unemployment hits a fresh year high of 2. The tension between the US and China over international trade escalates when Beijing imposes additional duties on cars imported from the United States.

EU leaders agree a "fiscal compact" after David Cameron vetoed a revision of the Lisbon treaty. And the year ends with a happy new year message from the IMF: the world, warns Lagarde, is at serious risk of sliding into a s-style slump. This article is more than 9 years old.

The eurozone's future hung in the balance, the US saw its credit rating downgraded, Japan's earthquake rocked markets and fiscal failings forced out two prime ministers. Germany's chancellor, Angela Merkel, and France's president, Nicolas Sarkozy, spent much of the year in emergency talks attempting to rescue the eurozone. Simon Goodley. January The year begins with a prediction. March The last thing the world's economy needed in March was a shock, but that's what it got.

April The ratings agencies are developing a taste for this downgrading lark. May With the world looking for firm financial leadership, Dominique Strauss-Kahn is arrested in New York on sexual assault allegations, forcing his resignation as the head of the International Monetary Fund the charges are subsequently dropped.

July What a relief. Services make up about three-quarters of the UK's economic activity. In the third quarter of the year - when the Olympics and Paralympics took place - the sector grew by 1. The ONS said there was some evidence of "fallback" in the fourth quarter, seen in the hotel and restaurant industries and in land transport.

The biggest impact, though, was in sports activities, amusement and recreation, which dropped This was mainly due to increased ticket sales for the Games in the third quarter, and contributed 0. Across the year as a whole, services grew by 1. Lee Hopley, chief economist at EEF, the manufacturers' organisation, said there were "no positive takeaways" from the figures.

They estimate that it will not return to that level until the first half of - a gap of seven years. The government's economic policies came under focus on Thursday when the chief economist at the International Monetary Fund IMF said that the chancellor should consider slowing down austerity measures in his March budget, because of their effect on growth. But Mr Osborne later rebuffed Mr Blanchard's advice. Speaking at the World Economic Forum in Davos, he said that spending cuts must continue if the government is to retain its credibility.

That credibility is very hard won and easily lost," he said. However, Deputy Prime Minister Nick Clegg has said that the coalition made a mistake in cutting back capital spending when it came to office.

He told The House magazine that ministers had reassured themselves at the time that the reduction was in line with plans drawn up by Labour.