The economic background [June 1997]

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The international environment is one of increased growth mainly due to a rise in world trade. The recovery is quite strong and growth is seen across the globe. Japan has the strongest growth primarily due to the depreciation of the Yen and the government's expansionary policy. The importance of Asian markets to world trade and hence growth
cannot be underestimated.
Original languageEnglish
Pages (from-to)1-6
Number of pages6
JournalQuarterly Economic Commentary
Issue number3
Publication statusPublished - Jun 1997


  • Scottish economic appraisal
  • Scottish economic activity


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