Economic commentary [October 2025]

Chirsty McFadyen; Mairi Spowage; Hannah L. Randolph; Allison Catalano; Josh Hampson; Jack Williamson

Economic commentary [October 2025]

Chirsty McFadyen, Mairi Spowage, Hannah L. Randolph, Allison Catalano, Josh Hampson, Jack Williamson

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Abstract

This quarterly commentary arrives amidst continued challenging economic circumstances. While our 2025 forecast has been uprated from 0.8% to 1.0%, this is nothing to write home about. Weak growth at the beginning of 2024 means our economic outlook is comparatively better than the previous year, but we have seen contractions in several areas. We take a deeper dive into contractions in the manufacturing industry, with an accompanying perspective on the differences between UK and Scottish manufacturing.

Original language	English
Number of pages	10
Journal	Fraser of Allander Economic Commentary
Volume	50
Issue number	3
Publication status	Published - 8 Oct 2025

Keywords

Scottish economy
economic growth

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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2025-FAI-Economic-Commentary-Vol50-No3Final published version, 13.7 MBLicence: Strath_1

Cite this

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title = "Economic commentary [October 2025]",

abstract = "This quarterly commentary arrives amidst continued challenging economic circumstances. While our 2025 forecast has been uprated from 0.8\% to 1.0\%, this is nothing to write home about. Weak growth at the beginning of 2024 means our economic outlook is comparatively better than the previous year, but we have seen contractions in several areas. We take a deeper dive into contractions in the manufacturing industry, with an accompanying perspective on the differences between UK and Scottish manufacturing.",

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AU - Spowage, Mairi

AU - Randolph, Hannah L.

AU - Catalano, Allison

AU - Hampson, Josh

AU - Williamson, Jack

PY - 2025/10/8

Y1 - 2025/10/8

N2 - This quarterly commentary arrives amidst continued challenging economic circumstances. While our 2025 forecast has been uprated from 0.8% to 1.0%, this is nothing to write home about. Weak growth at the beginning of 2024 means our economic outlook is comparatively better than the previous year, but we have seen contractions in several areas. We take a deeper dive into contractions in the manufacturing industry, with an accompanying perspective on the differences between UK and Scottish manufacturing.

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KW - Scottish economy

KW - economic growth

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VL - 50

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

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ER -

Economic commentary [October 2025]

Abstract

Keywords

UN SDGs

Access to Document

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Economic conditions weak at the start of 2025 as governments hunt for growth

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