Fraser of Allander Institute: Economic Commentary [September 2021]

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Abstract

The Scottish economy is set to recover to pre-pandemic levels three months earlier than previously thought. This is according to the latest quarterly Economic Commentary from the Fraser of Allander Institute, which predicts growth of 6.5% in 2021 and 4.8% in 2022. The economy is now predicted to get back to pre-pandemic levels in April 2022. Despite growth contracting slightly in July, mainly due to a fall in renewable electricity production, growth was significantly faster during Q2 than expected, leading to forecasts for 2021 and 2022 being revised up. In the Deloitte-sponsored Economic commentary, the University of Strathclyde research institute discusses a number of risks that threaten recovery.
Original languageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Number of pages44
Volume45
Edition3
Publication statusPublished - 30 Sep 2021

Publication series

NameFraser of Allander Economic Commentary
PublisherUniversity of Strathclyde
ISSN (Print)2046-5378

Keywords

  • labour market trends
  • Scotland
  • Scottish economics
  • economic forecasting
  • pandemic

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