Forecasts of the Scottish economy [November 2010]

Research output: Contribution to journalArticle

Abstract

As developed economies across the world adjust and recover from the global financial crises and the recession of 2008-9, recent data suggests that after four quarters of negative growth, Scotland has (in Q2) seen a quarter of growth largely outwith most expectations. This has come on the back of three quarters of anaemic growth performance (0.0%, 0.1% and -0.2%) while the unemployment rate and level has continued to increase. While this apparent dichotomy is analysed in more detail in an earlier section, the response of the labour market to changes in the level of activity will be important for our forecasts of both.
LanguageEnglish
Pages22-36
Number of pages15
JournalFraser of Allander Economic Commentary
Volume34
Issue number2
Publication statusPublished - Nov 2010

Fingerprint

Global financial crisis
Labour market
Recession
Dichotomy
Unemployment rate
Scotland

Keywords

  • Scottish economy
  • global finances
  • monetary policy

Cite this

@article{4a72e3e89f824e228f3782b1bbf5aa6b,
title = "Forecasts of the Scottish economy [November 2010]",
abstract = "As developed economies across the world adjust and recover from the global financial crises and the recession of 2008-9, recent data suggests that after four quarters of negative growth, Scotland has (in Q2) seen a quarter of growth largely outwith most expectations. This has come on the back of three quarters of anaemic growth performance (0.0{\%}, 0.1{\%} and -0.2{\%}) while the unemployment rate and level has continued to increase. While this apparent dichotomy is analysed in more detail in an earlier section, the response of the labour market to changes in the level of activity will be important for our forecasts of both.",
keywords = "Scottish economy, global finances, monetary policy",
author = "Grant Allan",
year = "2010",
month = "11",
language = "English",
volume = "34",
pages = "22--36",
journal = "Fraser of Allander Economic Commentary",
issn = "2046-5378",
publisher = "University of Strathclyde",
number = "2",

}

Forecasts of the Scottish economy [November 2010]. / Allan, Grant.

In: Fraser of Allander Economic Commentary, Vol. 34, No. 2, 11.2010, p. 22-36.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Forecasts of the Scottish economy [November 2010]

AU - Allan, Grant

PY - 2010/11

Y1 - 2010/11

N2 - As developed economies across the world adjust and recover from the global financial crises and the recession of 2008-9, recent data suggests that after four quarters of negative growth, Scotland has (in Q2) seen a quarter of growth largely outwith most expectations. This has come on the back of three quarters of anaemic growth performance (0.0%, 0.1% and -0.2%) while the unemployment rate and level has continued to increase. While this apparent dichotomy is analysed in more detail in an earlier section, the response of the labour market to changes in the level of activity will be important for our forecasts of both.

AB - As developed economies across the world adjust and recover from the global financial crises and the recession of 2008-9, recent data suggests that after four quarters of negative growth, Scotland has (in Q2) seen a quarter of growth largely outwith most expectations. This has come on the back of three quarters of anaemic growth performance (0.0%, 0.1% and -0.2%) while the unemployment rate and level has continued to increase. While this apparent dichotomy is analysed in more detail in an earlier section, the response of the labour market to changes in the level of activity will be important for our forecasts of both.

KW - Scottish economy

KW - global finances

KW - monetary policy

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

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

M3 - Article

VL - 34

SP - 22

EP - 36

JO - Fraser of Allander Economic Commentary

T2 - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 2

ER -