Forecasts of the Scottish economy [March 2011]

Research output: Contribution to journalArticle

Abstract

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.
LanguageEnglish
Pages21-40
Number of pages20
JournalFraser of Allander Economic Commentary
Volume34
Issue number3
Publication statusPublished - Mar 2011

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Economics
Labour market
Unemployment
Public sector
Fiscal consolidation
Household finance

Keywords

  • Scottish economy
  • Fraser of Allander
  • economics and finance

Cite this

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abstract = "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.",
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Forecasts of the Scottish economy [March 2011]. / Allan, Grant.

In: Fraser of Allander Economic Commentary, Vol. 34, No. 3, 03.2011, p. 21-40.

Research output: Contribution to journalArticle

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