Fraser of Allander Institute: Economic Commentary [March 2011]

Fraser of Allander Institute

    Research output: Book/ReportOther report

    26 Downloads (Pure)

    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

    Keywords

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

    Fingerprint Dive into the research topics of 'Fraser of Allander Institute: Economic Commentary [March 2011]'. Together they form a unique fingerprint.

  • 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). University of Strathclyde.