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Pandemic temporarily narrows UK economic divide, EY reports

The firm also found eight out of nine English regions expected to have returned to their pre-pandemic levels of output by the end of 2022.

London’s Gross Value Added (GVA) fell 3.6% between 2019 and 2021, while UK GVA fell 3% – but London’s GVA is forecast to grow 3.1% per year between 2021 and 2025 compared to UK annual growth of 2.8%.

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