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ONS reimagines how to measure the economy

Geoff Riley

5th August 2017

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Deep inside the offices of the ONS's Data Science Campus in Newport (Gwent) data crunchers are hacking away trying to find new and better ways of measuring the economy.

The FT's Chris Giles reports on collaborative work using data such as Google Street View, shipping data and VAT returns to capture more immediately and perhaps more accurately where the UK economy is within the economic cycle and more importantly, to identify turning points that might affect policy.

Nice @FT piece by @ChrisGiles_ on @DataSciCampus, another @ONS initiative to improve measurement of #econstats : https://t.co/Afy7Hw1jrL pic.twitter.com/Ya14t3MCKk
— ESCoE (@ESCoEorg) August 3, 2017

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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