This paper summarises the latest evidence and analysis on the impacts of COVID-19 on London’s economy so far and on the economic outlook so that key actors and stakeholders engaged in responding to the pandemic can have a readily available evidence base to inform policy responses.

The Greater London Authority (GLA) commissioned the University of Manchester to conduct a rapid evidence review to document and understand the impact of COVID-19 (in terms of both health and the broader impacts on existing social and economic inequalities) on those with protected characteristics, as well as those living in poorer, or more precarious, socioeconomic circumstances, paying particular attention to its effect in London. The report provides the outcomes of the review, as well as a series of recommendations, which are focused on identifying tractable policy solutions in order to prevent, or mitigate, the inequalities in relation to protected characteristics and socioeconomic position that result from the COVID-19 pandemic and policy responses to it. Also available to download below is a spreadsheet documenting the formalised literature review searches.

The Greater London Authority (GLA) commissioned the University of Manchester to conduct a rapid evidence review to document and understand the impact of COVID-19 (in terms of both health and the broader impacts on existing social and economic inequalities) on those with protected characteristics, as well as those living in poorer, or more precarious, socioeconomic circumstances, paying particular attention to its effect in London. The report provides the outcomes of the review, as well as a series of recommendations, which are focused on identifying tractable policy solutions in order to prevent, or mitigate, the inequalities in relation to protected characteristics and socioeconomic position that result from the COVID-19 pandemic and policy responses to it. Also available to download below is a spreadsheet documenting the formalised literature review searches.

The main aim of this work is to develop a set of high level macro economic scenarios for the medium-term (to the end of 2022) and for the long-term (to 2030) in order to inform the development of recovery strategies in London, reflecting unprecedented uncertainty on the economic outlook. The primary scenario dimensions include Effectiveness/nature of public health response and Effectiveness/impact of economic support measures. Other scenario dimensions include: Brexit and migration; International economic context; Technology and innovation; Financial climate; Political economy; Economic Geography and GHG emissions. This is an agile project - GLA Economics will continue to track actual data in order to review the assessment of the likelihood of alternative scenario outcomes. Successive updates will be released when they become available for the benefit of external stakeholders in tackling the COVID-19 crisis.