Outlook and appraisal [April 2007]

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The Scottish economy continues to grow quite quickly compared to trend with growth of 2.3% anticipated for 2006. This buoyant growth occurs against a background of strong growth in the UK with GDP rising by 2.7% last year. Despite uncertainties over the US economy, rising oil prices in the short-run due to political uncertainties in the Middle East and some pick up in the UK inflation rate, which may prompt a further rise in UK interest rates to 5.5%, above trend growth is expected to continue in Scotland in 2007 and 2008.
Original languageEnglish
Pages (from-to)3-10
Number of pages8
JournalQuarterly Economic Commentary
Issue number3
Publication statusPublished - Apr 2007


  • Fraser of Allander Institute
  • Scottish economy
  • Scottish economic outlook

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