Inclusive measures of growth – How ONS is moving Beyond GDP

GDP is a well-used metric for measuring changes in the size of economies around the world. However, it has its limitations. Richard Heys writes about the continuing developments at the ONS to go beyond GDP by including measures of the impact of growth on people, the climate and environment.

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Uncertainty and the ‘r’ word: What exactly is a ‘recession’?

Image of graphs and money, indicating financial markets

In times when the economy appears to be slowing, commentators will inevitably debate whether or not it is moving into ‘recession’. There is, however, no official definition of a recession and the one most commonly used has the potential to be misleading. In this post Darren Morgan reveals why in official statistics the ONS tends to avoid using the ‘r’ word.    

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