Forecasts of the Scottish economy [March 2004]

Kenneth Low

Forecasts of the Scottish economy [March 2004]

Kenneth Low

Economics

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Abstract

Economic performance in the world economy was better than expected with very strong growth in the US and relatively strong growth in Japan. China remains an
important stimulus to manufacturing and growth in the Asian region. The depreciation of the US dollar has boosted US growth considerably. The Euro Area continues to be weak, particularly in terms of domestic demand. On the up
side however Germany and Italy are now out of recession. Confidence and forward indicators for the Euro Zone are still improving. It is unlikely that full recovery will take place any earlier than 2005.

Original language	English
Pages (from-to)	14-16
Number of pages	3
Journal	Quarterly Economic Commentary
Volume	29
Issue number	1
Publication status	Published - 31 Mar 2004

Keywords

Scottish economy
Scottish economic performance
Scottish economic forecasts

UN SDGs

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

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FEC_29_1_2004_LowK_ForecastFinal published version, 167 KBLicence: Strath_1

Cite this

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abstract = "Economic performance in the world economy was better than expected with very strong growth in the US and relatively strong growth in Japan. China remains animportant stimulus to manufacturing and growth in the Asian region. The depreciation of the US dollar has boosted US growth considerably. The Euro Area continues to be weak, particularly in terms of domestic demand. On the upside however Germany and Italy are now out of recession. Confidence and forward indicators for the Euro Zone are still improving. It is unlikely that full recovery will take place any earlier than 2005.",

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AB - Economic performance in the world economy was better than expected with very strong growth in the US and relatively strong growth in Japan. China remains animportant stimulus to manufacturing and growth in the Asian region. The depreciation of the US dollar has boosted US growth considerably. The Euro Area continues to be weak, particularly in terms of domestic demand. On the upside however Germany and Italy are now out of recession. Confidence and forward indicators for the Euro Zone are still improving. It is unlikely that full recovery will take place any earlier than 2005.

KW - Scottish economy

KW - Scottish economic performance

KW - Scottish economic forecasts

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

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SP - 14

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Forecasts of the Scottish economy [March 2004]

Abstract

Keywords

UN SDGs

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