London Tech Sector: Main Centre of European Tech


With the Tech City enduring to help make the UK develop as one of the most competitive technology markets on the planet, the London tech sector is “the epicentre of the European tech and start-up”, as per the report from the World Economic Forum.

Though the report found that despite improving its performance in many areas, the UK’s overall economy slipped from one place to 10th in the index. Strong points comprise of certain best universities from the world and solid institutions but then weak spots consist of its macroeconomic environment, with high government scarcities meaning the public debt has doubled since 2007.

The report alleged: “The UK has shaped a good set of conditions for London to become the epicentre of the European tech and its vibrant service sector to develop and start-up scene.

“The UK financial market remains one of world’s best developed, able to provide venture capital and equity financing to start-ups and entrepreneurs, although still recovering from the global financial crisis.

The report also cautioned that the global economy could be finding a new normal of suppressed economic and productivity growth and persistently high unemployment, damaging resilience and leaving the world vulnerable to another period of slow growth.

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