Abstract
The Scottish economy is taking the first tentative steps towards a recovery in industrial output. Indices of production have slowly started to edge upwards and the results of the April 1982 CBI Industrial Trends Survey show a growth in business confidence. While unemployment will continue to rise, those in work will be faced with less short-time working and increased opportunities for overtime. The prospects for significant long-term growth with a concomitant reduction in unemployment is, however, dependent on a number of factors both domestic and international.
Original language | English |
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Pages (from-to) | 5-26 |
Number of pages | 22 |
Journal | Quarterly Economic Commentary |
Volume | 7 |
Issue number | 4 |
Publication status | Published - May 1982 |
Keywords
- Scottish economic growth
- Scottish economic conditions
- Scotland
- recession economics
- labour market trends
- Scottish employment patterns
- Scottish gross domestic product (GDP)
- industrial output
- regional development