TY - JOUR
T1 - Outlook and appraisal [December 1991]
AU - Love, Jim
AU - Ashcroft, Brian
AU - Dourmashkin, Neil
AU - Brooks, Richard
AU - Draper, Paul
AU - Dunlop, Stewart
AU - Malloy, Eleanor
AU - McGregor, Peter
AU - McNicoll, Iain
AU - McFarland, Mark
AU - McRory, Eric
AU - Perman, Roger
AU - Swales, Kim
AU - Stevens, Jim
AU - Yin, Ya Ping
AU - Fraser of Allander Institute
A2 - Love, Jim
PY - 1991/12
Y1 - 1991/12
N2 - In common with its UK counterpart, the Scottish economy appears to have reached a turning point during the third quarter of this year. However, the indications are that recovery, particularly in manufacturing, will be very sluggish, with little evidence of a clear recovery until well into 1992. In the second quarter of 1991 the index of production and construction for Scotland fell by 0.3%, resulting in an annual decline of 4.0% compared with 3.7% for the UK. In manufacturing, the decline in the Scottish index during the quarter was 0.4% compared with 0.7% for the UK, the third successive quarter in which the fall in Scottish manufacturing output has been less than that of the UK. Nevertheless, Scottish manufacturing output fell by 7.5% in the year to June while that of the UK declined by only 3.9%; this is a result of the sharp peak and slump which apparently occurred in Scotland between the first and second halves of 1990.
AB - In common with its UK counterpart, the Scottish economy appears to have reached a turning point during the third quarter of this year. However, the indications are that recovery, particularly in manufacturing, will be very sluggish, with little evidence of a clear recovery until well into 1992. In the second quarter of 1991 the index of production and construction for Scotland fell by 0.3%, resulting in an annual decline of 4.0% compared with 3.7% for the UK. In manufacturing, the decline in the Scottish index during the quarter was 0.4% compared with 0.7% for the UK, the third successive quarter in which the fall in Scottish manufacturing output has been less than that of the UK. Nevertheless, Scottish manufacturing output fell by 7.5% in the year to June while that of the UK declined by only 3.9%; this is a result of the sharp peak and slump which apparently occurred in Scotland between the first and second halves of 1990.
KW - Scottish economic trends
KW - economic forecasts
KW - Scotland
UR - http://www.strath.ac.uk/frasercommentary/
UR - http://www.strath.ac.uk/fraser/
M3 - Article
SN - 2046-5378
VL - 17
SP - 1
EP - 2
JO - Fraser of Allander Economic Commentary
JF - Fraser of Allander Economic Commentary
IS - 2
ER -