Forecasts of the Scottish economy [November 2010]

Research output: Contribution to journalArticle

148 Downloads (Pure)


As developed economies across the world adjust and recover from the global financial crises and the recession of 2008-9, recent data suggests that after four quarters of negative growth, Scotland has (in Q2) seen a quarter of growth largely outwith most expectations. This has come on the back of three quarters of anaemic growth performance (0.0%, 0.1% and -0.2%) while the unemployment rate and level has continued to increase. While this apparent dichotomy is analysed in more detail in an earlier section, the response of the labour market to changes in the level of activity will be important for our forecasts of both.
Original languageEnglish
Pages (from-to)22-36
Number of pages15
JournalFraser of Allander Economic Commentary
Issue number2
Publication statusPublished - Nov 2010


  • Scottish economy
  • global finances
  • monetary policy

Cite this