How the world's cities have fared since the financial crisis hit in 2007.
Cities are the great engines of growth in the world economy. Istanbul, with income growth of 5.5% & employment growth of 7.3% over the past year, is currently the world's best-performing city, according to a new report by the Brookings Institution & the London School of Economics.
The report ranks 150 cities from across the globe according to growth in gross value added per person (a proxy for income) & employment. The 150 metropolitan areas represented just 12% of the world's population but accounted for 46% of the world's GDP in 2007.
Some cities have plunged in the rankings since the "Great Recession". Dubai & Dublin, the second & sixth best-performing cities respectively between 1993 & 2007, now rank as the most stagnant.
Source: The Economist