Outlook and appraisal [June 2008]

Ashcroft, Brian (2008) Outlook and appraisal [June 2008]. Fraser of Allander Economic Commentary, 32 (1). pp. 4-16. ISSN 2046-5378

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The outlook for the Scottish economy appeared fairly certain when the Commentary last reported in July 2007. Growth was expected to remain above trend in 2007 and 2008 at 2.5% and 2.3% respectively. Prospects for the economy in the medium-term were considered to be good. Almost one year later, the comparative certainty of last July has evaporated.