London's economy outperforms the rest of UK The capital's growth in output grew 12.4pc between 2007 and 2011, compared to between 2.3pc and 6.8pc across other UK regions. The South West was in second with growth of 6.8pc. This led to London's share of UK output rising from 20.7pc to 21.9pc over the period. London's path through the recession differed from other regions as it maintained a strong output in 2008 when growth in the other regions began to slow. While the other regions bounced back in a greater extent in 2010, London was able to maintain growth into 2011 when much of the rest of the UK saw a fall in growth. London has also seen an increase in jobs between September 2007 and September 2012 of 267,000. All other regions, except the South East and Wales, saw a decline in jobs over the same period.