Toronto Soars to Number Two Spot in Kearney's Global Cities Outlook 2020 Report

According to Kearney's latest Global Cities Outlook (GCO) report, released annually alongside the Global Cities Index, Toronto has made a remarkable leap of nine places to secure the number two spot among the world's major cities. This impressive jump is attributed to significant advancements in innovation and continued strong governance.

For the first time, London maintained its top ranking, while other contenders vied for position. Not to be confused with the Global Cities Index, which highlights current global leaders, the GCO focuses on cities that are rising to prominence – those creating the right conditions for future global status.

The report provides an outlook of a city's potential based on rate of change in 13 indicators across four dimensions: personal well-being, economics, innovation, and governance. This projection gives a glimpse into a city's ability to create a thriving environment that attracts business leaders worldwide.

Toronto's ascent to the number two spot among 151 major cities across all continents is a testament to its growing influence as a global hub. The city has consistently demonstrated its potential for growth, and this year's GCO report solidifies its position as a leading global city.

As business leaders around the world take notice of Toronto's upward trajectory, it is clear that the city will continue to play an increasingly important role in shaping the future of international trade and commerce. With its strong governance and innovative spirit, Toronto is poised for continued success and growth, cementing its position as a key player on the global stage.

Global cities index 2020