COLUMBUS, OH - The Battelle-R&D Magazine’s annual Global R&D Funding Forecast shows global research and development (R&D) spending is expected to grow by about 5.2 percent in 2012 to more than $1.4 trillion.
One of the most remarkable findings of the report is that R&D funding growth will largely be driven by Asian economies - a number projected to increase by nearly 9 percent in 2012. Elsewhere in the world, growth remains strong and stable in the aftermath of the global recession. Greece is the only country among the world's top-40 R&D spenders that is not expected to increase its R&D budget during the next year.