It is five months since the last forecasts of the Scottish economy were published in the Fraser Economic Commentary. In that time, we have seen confirmation that Q2 growth was down 0.8% on Q1 2009, meaning that Scotland has now seen four quarters of consecutive negative growth. The rate of negative growth appears to have slowed, with Q1 2009 seeing a 2.5% quarterly reduction. Scottish GDP in Q2 was down 6.1% from its peak in Q2 2009.
|Number of pages||12|
|Journal||Fraser of Allander Economic Commentary|
|Publication status||Published - Nov 2009|
- Fraser of Allander institute
- Scottish economy
- economic growth
- monetary forecasts