Declining scores in those two GCI dimensions is consistent across other global cities, and reflects disruptions of the global economy and still diminished flow of international travel but the added geopolitical changes London has been subject two since 2016 have seen it hit harder still.Īndrew Stewart, Managing Partner UK & Ireland at Kearney, said, “The UK capital has strived for innovation and personal wellbeing in the last year, gaining first spot for cultural experience, regardless of the challenges of the global pandemic and impacts of Brexit. However, the report also reveals weaker-than-usual performances in human capital and business activity for London – with the city coming to second and eighth place respectively – as a result of the pandemic and Brexit.
The consulting firm contends that London is now ahead of cultural capitals Paris, New York and Los Angeles in that regard. Ranking number two in the GCI, the UK capital’s personal wellbeing, sporting events and culinary offerings, have seen it rank as the world’s top city for cultural experience for the first time in Kearney’s analysis. And for London, at least, the picture is pretty rosy. If the GCI is a picture of the present, the GCO is a forecast of the future. Each year, the firm combines studies for a Global Cities Index (GCI) and a Global Cities Outlook (GCO), to consider which cities are best placed to weather the challenging economic conditions faced by cities and city leaders around the world.
The 2022 Global Cities Report is produced by global management consulting partnership Kearney. But with a booming culture sector, London is the city with the best outlook for the future. New York is currently the best city to live in in the world, according to a new study.
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