Scotland‟s economic prospects for international tourism up to 2008

Colin Munro, Ian Yeoman, Brian Ashcroft (Editor)

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Abstract

The world economy is booming, largely led by strong growth in China (with expected GDP growth of 9.1% this year (NIESR, 2004)) whilst the US economy (OEF, 2004a), is expected to have grown by 3.6% in 2004 (Cotis, 2004). Although growth slowed in the third quarter of 2004, subdued by the effects of the high price of oil, as a result of the good underlying employment prospects and favourable monetary conditions, above-trend GDP growth is again forecast for 2005 (2.9%) and 2006 (3.1%).
Original languageEnglish
Pages (from-to)31-44
Number of pages14
JournalQuarterly Economic Commentary
Volume30
Issue number2
Publication statusPublished - Jul 2005

Keywords

  • Fraser of Allander Institute
  • Scottish tourism
  • Scottish economy
  • international tourism

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