London has lost its top spot – to New York – in the Global Cities Index, and is forecast to slide to a lowly fourth place next year, according to AT Kearney. The ranking, which rates the world’s most influential cities today, makes San Francisco the city with the brightest outlook.
The UK capital now racks up a lower score than San Francisco, New York and Paris when it comes to innovation. The Brexit vote is, unsurprisingly, impacting its economic outlook, with a number of key sectors (in particular, finance) doubting their futures in London.
The Index is developed from 27 metrics across five dimensions in relation to current performance, and across 13 indicators across four dimensions in relation to potential. The data for both indexes are derived from city-level information.