In the News
ONS reimagines how to measure the economy
5th August 2017
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
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty 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 conferences in the UK and overseas.
You might also like
Twin Peaks for the UK Economy
19th October 2014
Six Key Charts on the UK Economy
24th October 2014
Four facts about UK manufacturing industry
22nd October 2014
Immigration and the UK Economy
19th October 2014
Bank of England Chief Economist on the Real Economy
19th October 2014
Macroeconomic Objectives and Macro Stability
Study Notes
Components of Aggregate Demand
Study Notes
Understanding the Economic Cycle
Study Notes