Outlook and appraisal [November 1985]

James Love; John Blackhall; Margaret Chalmers; Paul Draper; John Heeley; Iain Jenkins; Cliff Lockyer; Jim H Love; James McGilvray; Peter McGregor; Mike McVey; Noreen O'Donnell; Jim Stevens; David Simpson; Elizabeth Tait; Jim Walker; James Love

Outlook and appraisal [November 1985]

James Love, John Blackhall, Margaret Chalmers, Paul Draper, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, James McGilvray, Peter McGregor, Mike McVey, Noreen O'Donnell, Jim Stevens, David Simpson, Elizabeth Tait, Jim Walker, James Love (Editor)

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Abstract

The Scottish economy, like that of the UK as a whole, looks set to experience a substantial shift in the relative importance of the factors determining growth in the coming year. As discussed elsewhere in the Commentary (see British Economy), growth in the recent past has been driven mainly by the expansion of investment and exports. With the interrelated factors of sterling's strength and continuing high real UK interest rates operating against a background of some deceleration in the growth of world trade, the prospect is that these influences will be largely replaced by the re-emergence of consumers' expenditure as the principal determinant of growth.

Original language	English
Pages (from-to)	1-2
Number of pages	2
Journal	Quarterly Economic Commentary
Volume	11
Issue number	2
Publication status	Published - 1 Nov 1985

Keywords

Fraser of Allander
Scottish economic outlook
Scottish economic activity

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AU - Love, James

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AU - Draper, Paul

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AU - Jenkins, Iain

AU - Lockyer, Cliff

AU - Love, Jim H

AU - McGilvray, James

AU - McGregor, Peter

AU - McVey, Mike

AU - O'Donnell, Noreen

AU - Stevens, Jim

AU - Simpson, David

AU - Tait, Elizabeth

AU - Walker, Jim

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N2 - The Scottish economy, like that of the UK as a whole, looks set to experience a substantial shift in the relative importance of the factors determining growth in the coming year. As discussed elsewhere in the Commentary (see British Economy), growth in the recent past has been driven mainly by the expansion of investment and exports. With the interrelated factors of sterling's strength and continuing high real UK interest rates operating against a background of some deceleration in the growth of world trade, the prospect is that these influences will be largely replaced by the re-emergence of consumers' expenditure as the principal determinant of growth.

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KW - Scottish economic activity

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JO - Quarterly Economic Commentary

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IS - 2

ER -

Outlook and appraisal [November 1985]

Abstract

Keywords

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