Abstract
The Scottish economy is set to recover to pre-pandemic levels three months earlier than previously thought. This is according to the latest quarterly Economic Commentary from the Fraser of Allander Institute, which predicts growth of 6.5% in 2021 and 4.8% in 2022. The economy is now predicted to get back to pre-pandemic levels in April 2022. Despite growth contracting slightly in July, mainly due to a fall in renewable electricity production, growth was significantly faster during Q2 than expected, leading to forecasts for 2021 and 2022 being revised up. In the Deloitte-sponsored Economic commentary, the University of Strathclyde research institute discusses a number of risks that threaten recovery.
| Original language | English |
|---|---|
| Pages (from-to) | 1-44 |
| Number of pages | 44 |
| Journal | Fraser of Allander Economic Commentary |
| Volume | 45 |
| Issue number | 3 |
| Publication status | Published - 30 Sept 2021 |
Keywords
- labour market trends
- Scotland
- Scottish economics
- economic forecasting
- pandemic
