The Office for National Statistics released their annual report on government spending on science this week, and although in nominal terms spending has increased by more than £2 billion since 2003, it has fallen significantly as a proportion of GDP.
Chart of the Week: Week 17, 2016: GDP Growth by Sector
The preliminary estimate of first quarter GDP growth was released this morning, and it showed that growth had slowed at the beginning of this year to 0.4% (from 0.6% at the end of 2015).
Chart of the Week: Week 9, 2016: EU GDP Per Capita
At the end of last week, Eurostat released a report on regional GDP per capita across the EU.
Chart of the Week: Week 4, 2016: Projected GDP Growth
Tomorrow morning, the preliminary estimate for UK fourth quarter GDP growth will be announced, and we’ll get a first impression of annual growth for 2015.
Chart of the Week: Week 49, 2015: UK Economic Forecasts
Last week, the Economic Research Council hosted our fifth annual economic forecasting event, the “Clash of the Titans”, where we invited three economic experts to give their forecasts for 2016.
Chart of the Week: Week 31, 2015: US and UK Recoveries
Last week, we compared the latest UK recession and recovery to historical recessions. This week, we’re comparing the UK recovery to that of the US, where despite first quarter growth problems, the recovery from the recession looks strong.