Fraser of Allander Institute

Economic Commentary [March 2011]

Fraser of Allander Institute

    Research output: Book/ReportOther report

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    Abstract

    The Scottish economy may be continuing to recover from recession but the rate of recovery appears to be slowing even when allowance is made for the difficult weather this winter. In the latest quarter – 2010q3 – for which there is official data Scottish GDP grew by 0.5% compared to an increase of 0.7% in UK. But with UK GDP contracting by -0.6% in the fourth quarter and the ONS estimating that only -0.5% could be attributed to the bad weather, it is clear that the UK economy was stagnating at the end of the year. In the absence of Scottish outturn data for the fourth quarter, survey data indicate a weakening of Scottish growth in that quarter and suggests that Scottish GDP performance may have been weaker than the rest of the UK. The service sector is especially weaker in Scotland, the manufacturing sector less so, but construction activity is much stronger here, at least in the third quarter.
    Original languageEnglish
    Place of PublicationGlasgow
    PublisherUniversity of Strathclyde
    Number of pages82
    Volume34
    Publication statusPublished - 30 Mar 2011

    Publication series

    NameFraser of Allander Institute Economic Commentary
    PublisherUniversity of Strathclyde
    No.3
    Volume34
    ISSN (Electronic)2046-5378

    Fingerprint

    Economics
    Weather
    Manufacturing sector
    Recession
    Winter
    Scotland
    Survey data
    Service sector
    Contracting

    Keywords

    • labour market trends
    • Scotland
    • Scottish economcs
    • economic forecasting

    Cite this

    Fraser of Allander Institute (2011). Fraser of Allander Institute: Economic Commentary [March 2011]. (Fraser of Allander Institute Economic Commentary; Vol. 34, No. 3). Glasgow: University of Strathclyde.
    Fraser of Allander Institute. / Fraser of Allander Institute : Economic Commentary [March 2011]. Glasgow : University of Strathclyde, 2011. 82 p. (Fraser of Allander Institute Economic Commentary; 3).
    @book{3458446d1ff741da8c6d184226e369b5,
    title = "Fraser of Allander Institute: Economic Commentary [March 2011]",
    abstract = "The Scottish economy may be continuing to recover from recession but the rate of recovery appears to be slowing even when allowance is made for the difficult weather this winter. In the latest quarter – 2010q3 – for which there is official data Scottish GDP grew by 0.5{\%} compared to an increase of 0.7{\%} in UK. But with UK GDP contracting by -0.6{\%} in the fourth quarter and the ONS estimating that only -0.5{\%} could be attributed to the bad weather, it is clear that the UK economy was stagnating at the end of the year. In the absence of Scottish outturn data for the fourth quarter, survey data indicate a weakening of Scottish growth in that quarter and suggests that Scottish GDP performance may have been weaker than the rest of the UK. The service sector is especially weaker in Scotland, the manufacturing sector less so, but construction activity is much stronger here, at least in the third quarter.",
    keywords = "labour market trends, Scotland, Scottish economcs, economic forecasting",
    author = "{Fraser of Allander Institute}",
    year = "2011",
    month = "3",
    day = "30",
    language = "English",
    volume = "34",
    series = "Fraser of Allander Institute Economic Commentary",
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    Fraser of Allander Institute 2011, Fraser of Allander Institute: Economic Commentary [March 2011]. Fraser of Allander Institute Economic Commentary, no. 3, vol. 34, vol. 34, University of Strathclyde, Glasgow.

    Fraser of Allander Institute : Economic Commentary [March 2011]. / Fraser of Allander Institute.

    Glasgow : University of Strathclyde, 2011. 82 p. (Fraser of Allander Institute Economic Commentary; Vol. 34, No. 3).

    Research output: Book/ReportOther report

    TY - BOOK

    T1 - Fraser of Allander Institute

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    AB - The Scottish economy may be continuing to recover from recession but the rate of recovery appears to be slowing even when allowance is made for the difficult weather this winter. In the latest quarter – 2010q3 – for which there is official data Scottish GDP grew by 0.5% compared to an increase of 0.7% in UK. But with UK GDP contracting by -0.6% in the fourth quarter and the ONS estimating that only -0.5% could be attributed to the bad weather, it is clear that the UK economy was stagnating at the end of the year. In the absence of Scottish outturn data for the fourth quarter, survey data indicate a weakening of Scottish growth in that quarter and suggests that Scottish GDP performance may have been weaker than the rest of the UK. The service sector is especially weaker in Scotland, the manufacturing sector less so, but construction activity is much stronger here, at least in the third quarter.

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    KW - economic forecasting

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    Fraser of Allander Institute. Fraser of Allander Institute: Economic Commentary [March 2011]. Glasgow: University of Strathclyde, 2011. 82 p. (Fraser of Allander Institute Economic Commentary; 3).