NY beats London in economic power

city towersNew York has kept London off the top spot once again as the world’s most economically powerful city.  There’s a strong rivalry between the capital and the Big Apple over finance, culture and technology but when it came to a set of economic indicators London was runner-up, as it was in 2012.

The rankings results from a mash up of a number of data sets including GDP, financial power, competitiveness and quality of life. New York emerges with a score of 48 out of 50. London was an easy second with 40, beating Tokyo taking third place on 29.

The analysis was done by Toronto’s Martin Prosperity Institute, which is part of Toronto University School of Management.