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Forecasts of the Scottish economy [February 2009]

Low, Kenneth (2009) Forecasts of the Scottish economy [February 2009]. Fraser of Allander Economic Commentary, 32 (3). pp. 18-26. ISSN 2046-5378

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The global economy is experiencing a significant contraction due to the spreading effects of the sub-prime and financial crisis. This has greater effects in the main developed economies (US, UK, France, Germany and Japan) but the repercussions affect countries such as Russia, China and India, where a sharp downturn in global growth adversely impacts on their growth.