The Scottish economy [April 1978]

David N. F. Bell, Michael W. Danson, M. E. Glassford, Frank X. Kirwan, James W. McGilvray, A. J. Morton, Alison A. Wingfield, Fraser of Allander Institute, David N. F. Bell (Editor)

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    Abstract

    There is still little indication of a recovery in the flagging fortunes of the Scottish economy. Stagnant output and falling investment give little hope of a recovery of activity and a reduction in unemployment during the remainder of 1978. The Budget, which contained no special measures for the assisted areas, can hardly be expected to provide a strong stimulus to the Scottish economy. Thus, we expect that, after rising to around 210,000 in July, unemployment in Scotland will level off at about 200,000 in October.
    Original languageEnglish
    Pages (from-to)5-33
    Number of pages29
    JournalQuarterly Economic Commentary
    Volume3
    Issue number4
    Publication statusPublished - Apr 1978

    Keywords

    • Scottish economic trends
    • economic output
    • Scottish GDP growth
    • unemployment patterns
    • labour market trends
    • regional economic development
    • industrial performance

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