United Kingdom ScorecardJanuary 17, 2013
As part of this year’s Global Innovation Barometer, GE’s Global Market Intelligence team created a scoring model to rank the United Kingdom on certain factors inherent to its specific government, business and educational environments that impact the level of innovation there.
Third quarter growth of 1% was the strongest in five years, ending the country’s double-dip recession.
However, the recent improvement was in part attributed to a one-time bounce from the Olympics as well as the changed pattern of public holidays for the Queen’s Jubilee.
Exports have benefited from the depreciation of the pound in 2008-09, but are now held back by weak growth in the main trading partners in the Eurozone.