Abstract
The trading environment for Scottish business seems set to improve following a bleak year in
1993. World GDP continued to recover last year and is estimated to have grown by 2.3% following 0.7% growth in 1991 and 2.3% in 1992. However, this strong growth was not reflected in Scotland's key export markets of England and continental Europe. The global recovery is due to a strong performance in North America, Australasia and the industrialising economies of Latin America and the Pacific Rim.
1993. World GDP continued to recover last year and is estimated to have grown by 2.3% following 0.7% growth in 1991 and 2.3% in 1992. However, this strong growth was not reflected in Scotland's key export markets of England and continental Europe. The global recovery is due to a strong performance in North America, Australasia and the industrialising economies of Latin America and the Pacific Rim.
Original language | English |
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Pages (from-to) | 1-9 |
Number of pages | 9 |
Journal | Quarterly Economic Commentary |
Volume | 19 |
Issue number | 4 |
Publication status | Published - Jun 1994 |
Keywords
- Scottish economic trends
- economic forecasts
- international economic environment