Forecasts of the Scottish economy [March 2011]

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Since our last forecast the recent slight improvement in labour market figures means that we have revised down (up) our estimates of unemployment (and employment) at the end of 2010. Growth in 2011, 2012 and 2013 continues to be uncertain as the global economic situation remains weak, with Scottish exports, for example, typically disconnected from the major growth economies, public sector fiscal consolidation most significant in 2011, and welfare spending reductions directly hitting household finances towards the end of our forecast period.
Original languageEnglish
Pages (from-to)21-40
Number of pages20
JournalFraser of Allander Economic Commentary
Issue number3
Publication statusPublished - Mar 2011


  • Scottish economy
  • Fraser of Allander
  • economics and finance


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