November 30, 2010 AT 5:50 pm

Christmas for Turkey

20101204 Woc738

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% and 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 and 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) and employment.

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