The economic background [June 1994]

Mark McFarland, Myrvin Anthony, Lorraine Armstrong, Brian Ashcroft, Paul Draper, Stewart Dunlop, Sarah Le Tissier, Jim Love, Kenneth Low, Cliff Lockyer, Eleanor Malloy, Peter McGregor, Iain McNicoll, Eric McRory, Clare Reid, Jim Stevens, Kim Swales, Mark McFarland (Editor), Fraser of Allander Institute

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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.
Original languageEnglish
Pages (from-to)1-9
Number of pages9
JournalQuarterly Economic Commentary
Issue number4
Publication statusPublished - Jun 1994


  • Scottish economic trends
  • economic forecasts
  • international economic environment


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