Outlook and appraisal [March 2000]

Brian Ashcroft, Brian Ashcroft (Editor), Eleanor Malloy (Editor), Sarah Le Tissier (Editor)

Research output: Contribution to journalArticle

37 Downloads (Pure)

Abstract

The latest quarter quarterly GDP data from the Scottish Executive for the second quarter 1999 indicate that growth strengthened in both Scotland and the UK. Overall, the Scottish economy outperformed the UK economy in the second quarter and generally did so over the preceding four quarters in all principal sectors with the exception of the service sector. In the labour market, the latest
employment and unemployment data indicate that there has been a continuing improvement in the Scottish labour market since the second quarter of 1999. The outlook remains favourable. Although there are legitimate concerns about the effect of the recent interest rate rises on the growth of the Scottish economy, the
evidence suggests that the economy is performing as least as well as the UK
when one year is taken with another. We expect this to continue for the foreseeable future. Growth is forecast to be weaker in Scotland this year than
in the UK, but stronger in 2001 and similar to the UK in 2002.
Original languageEnglish
Pages (from-to)i-iii
Number of pages3
JournalQuarterly Economic Commentary
Volume25
Issue number1
Publication statusPublished - Mar 2000

Keywords

  • Scottish economic trends
  • labour market trends
  • unemployment patterns
  • Scottish gross domestic product (GDP)

Fingerprint Dive into the research topics of 'Outlook and appraisal [March 2000]'. Together they form a unique fingerprint.

  • Cite this