Fraser of Allander Institute: Economic Commentary [November 2012]

Fraser of Allander Institute

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    Abstract

    The growth of the Scottish economy continues to be weak, the labour market especially. GDP in constant prices fell by 0.4% in Scotland during the second quarter, the same loss of output as in the UK. Both the Scottish and UK economies have contracted for the three quarters up to the second quarter. But data for the third quarter show the UK economy to have expanded by 1%. We consider this to be an 'Olympics bounce' which is unlikely to affect Scotland to the same extent. Positive Scott ish retail sales figures for the third quarter need to be set against the reports of several business surveys which depict growth as largely stagnating with household spending depressed and business confidence weak
    Original languageEnglish
    Place of PublicationGlasgow
    PublisherUniversity of Strathclyde
    Number of pages102
    Volume36
    Publication statusPublished - 30 Nov 2012

    Publication series

    NameFraser of Allander Institute Economic Commentary
    PublisherUniversity of Strathclyde
    No.2
    Volume36
    ISSN (Electronic)2046-5378

    Keywords

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

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