The Scottish economy [November 1982]

David Simpson; David Bell; Douglas Hamilton; James McGilvray; Iain McNicoll; Lyle Moar; Noreen O'Donnell; Elizabeth Tait; James Walker; Alison Wingfield; David Simpson

The Scottish economy [November 1982]

David Simpson, David Bell, Douglas Hamilton, James McGilvray, Iain McNicoll, Lyle Moar, Noreen O'Donnell, Elizabeth Tait, James Walker, Alison Wingfield, David Simpson (Editor)

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Abstract

The short-term outlook for the Scottish economy remains fairly pessimistic. Though recent falls in interest rates may give a small filip to consumer demand around Christmas, there are no immediate prospects for an upsurge in industrial output. Import propensities are now so high as to negate most of the beneficial effects of an increase in demand. The forecasts detailed below reflect this increasingly pessimistic view of short-term developments in the Scottish economy. Unemployment, which averaged 352,000 in the third quarter of 1982 could rise to 369,000 thousand by the end of 1983 if present trends continue. With no significant stimulus to demand in the offing, any substantive improvement in labour market conditions is likely to be postponed, at least until 1984.

Original language	English
Pages (from-to)	6-28
Number of pages	23
Journal	Quarterly Economic Commentary
Volume	8
Issue number	2
Publication status	Published - Nov 1982

Keywords

Scottish economic performance
Scottish gross domestic product (GDP)
employment patterns
industrial output
business confidence
labour market trends
Scotland

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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title = "The Scottish economy [November 1982]",

abstract = "The short-term outlook for the Scottish economy remains fairly pessimistic. Though recent falls in interest rates may give a small filip to consumer demand around Christmas, there are no immediate prospects for an upsurge in industrial output. Import propensities are now so high as to negate most of the beneficial effects of an increase in demand. The forecasts detailed below reflect this increasingly pessimistic view of short-term developments in the Scottish economy. Unemployment, which averaged 352,000 in the third quarter of 1982 could rise to 369,000 thousand by the end of 1983 if present trends continue. With no significant stimulus to demand in the offing, any substantive improvement in labour market conditions is likely to be postponed, at least until 1984.",

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T1 - The Scottish economy [November 1982]

AU - Simpson, David

AU - Bell, David

AU - Hamilton, Douglas

AU - McGilvray, James

AU - McNicoll, Iain

AU - Moar, Lyle

AU - O'Donnell, Noreen

AU - Tait, Elizabeth

AU - Walker, James

AU - Wingfield, Alison

A2 - Simpson, David

PY - 1982/11

Y1 - 1982/11

N2 - The short-term outlook for the Scottish economy remains fairly pessimistic. Though recent falls in interest rates may give a small filip to consumer demand around Christmas, there are no immediate prospects for an upsurge in industrial output. Import propensities are now so high as to negate most of the beneficial effects of an increase in demand. The forecasts detailed below reflect this increasingly pessimistic view of short-term developments in the Scottish economy. Unemployment, which averaged 352,000 in the third quarter of 1982 could rise to 369,000 thousand by the end of 1983 if present trends continue. With no significant stimulus to demand in the offing, any substantive improvement in labour market conditions is likely to be postponed, at least until 1984.

AB - The short-term outlook for the Scottish economy remains fairly pessimistic. Though recent falls in interest rates may give a small filip to consumer demand around Christmas, there are no immediate prospects for an upsurge in industrial output. Import propensities are now so high as to negate most of the beneficial effects of an increase in demand. The forecasts detailed below reflect this increasingly pessimistic view of short-term developments in the Scottish economy. Unemployment, which averaged 352,000 in the third quarter of 1982 could rise to 369,000 thousand by the end of 1983 if present trends continue. With no significant stimulus to demand in the offing, any substantive improvement in labour market conditions is likely to be postponed, at least until 1984.

KW - Scottish economic performance

KW - Scottish gross domestic product (GDP)

KW - employment patterns

KW - industrial output

KW - business confidence

KW - labour market trends

KW - Scotland

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UR - http://www.strath.ac.uk/fraser/

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SP - 6

EP - 28

JO - Quarterly Economic Commentary

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IS - 2

ER -

The Scottish economy [November 1982]

Abstract

Keywords

UN SDGs

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